Library Catalog
Amazon cover image
Image from Amazon.com

Market Demand : Theory and Empirical Evidence / Werner Hildenbrand.

By: Material type: TextTextSeries: Frontiers of Economic Research ; 215Publisher: Princeton, NJ : Princeton University Press, [2014]Copyright date: ©1994Edition: Course BookDescription: 1 online resource (216 p.) : 43 illus. 10 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9780691606095
  • 9781400863716
Subject(s): DDC classification:
  • 338.5212
LOC classification:
  • HB801 -- H5 1994eb
Other classification:
  • online - DeGruyter
Online resources: Available additional physical forms:
  • Issued also in print.
Contents:
Frontmatter -- Contents -- Preface -- Chapter 1. Introduction -- Chapter 2. Market Demand -- Chapter 3. Increasing Dispersion -- Chapter 4. The Law of Demand -- Appendix 1. Monotone Functions -- Appendix 2. Wald's Axiom -- Appendix 3. The Weak Axiom of Revealed Preference and the Slutsky Decomposition -- Appendix 4. Monotonicity of Individual Demand Functions -- Appendix 5. Spread and Dispersion -- Appendix 6. The Structure Matrix B (f̄, ̄ρ) -- References -- Author Index -- Subject Index -- Index of Frequently Used Symbols
Summary: In a major work that is the culmination of over a decade of intensive research, Werner Hildenbrand presents a new theory of market demand, the principal aim of which is to identify the conditions under which the Law of Demand holds true. Hildenbrand argues that the Law of Demand is due mainly to the "heterogeneity" of the population of households. In his view, "rationality" of individual behavior plays only a minor role. While the traditional approach to the theory of market demand is to analyze the question, To what extent are the postulated properties of individual behavior preserved by going from individual to market demand?, this book asks the question, Which properties of the market demand function are created by the aggregation process?.Two hypotheses on the population of households play a key role in Hilden-brand's thinking. The first is the "increasing dispersion" and the second the "increasing spread" of households' demand. These hypotheses can easily be interpreted and are a priori plausible. For a positive theory of market demand, according to Hildenbrand, it is more important that the hypotheses are well supported by empirical evidence. His claims in this important new book are based on a nonparametric statistical data analysis of the U.K. Family Expenditure Survey and the French Enquête Budget de Famille.Originally published in 1994.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781400863716

Frontmatter -- Contents -- Preface -- Chapter 1. Introduction -- Chapter 2. Market Demand -- Chapter 3. Increasing Dispersion -- Chapter 4. The Law of Demand -- Appendix 1. Monotone Functions -- Appendix 2. Wald's Axiom -- Appendix 3. The Weak Axiom of Revealed Preference and the Slutsky Decomposition -- Appendix 4. Monotonicity of Individual Demand Functions -- Appendix 5. Spread and Dispersion -- Appendix 6. The Structure Matrix B (f̄, ̄ρ) -- References -- Author Index -- Subject Index -- Index of Frequently Used Symbols

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

In a major work that is the culmination of over a decade of intensive research, Werner Hildenbrand presents a new theory of market demand, the principal aim of which is to identify the conditions under which the Law of Demand holds true. Hildenbrand argues that the Law of Demand is due mainly to the "heterogeneity" of the population of households. In his view, "rationality" of individual behavior plays only a minor role. While the traditional approach to the theory of market demand is to analyze the question, To what extent are the postulated properties of individual behavior preserved by going from individual to market demand?, this book asks the question, Which properties of the market demand function are created by the aggregation process?.Two hypotheses on the population of households play a key role in Hilden-brand's thinking. The first is the "increasing dispersion" and the second the "increasing spread" of households' demand. These hypotheses can easily be interpreted and are a priori plausible. For a positive theory of market demand, according to Hildenbrand, it is more important that the hypotheses are well supported by empirical evidence. His claims in this important new book are based on a nonparametric statistical data analysis of the U.K. Family Expenditure Survey and the French Enquête Budget de Famille.Originally published in 1994.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Issued also in print.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)