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003 IT-RoAPU
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008 210830t20141994nju fo d z eng d
019 _a(OCoLC)984657303
020 _a9780691606095
_qprint
020 _a9781400863716
_qPDF
024 7 _a10.1515/9781400863716
_2doi
035 _a(DE-B1597)9781400863716
035 _a(DE-B1597)447480
035 _a(OCoLC)979750307
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHB801 -- H5 1994eb
072 7 _aBUS069000
_2bisacsh
082 0 4 _a338.5212
084 _aonline - DeGruyter
100 1 _aHildenbrand, Werner
_eautore
245 1 0 _aMarket Demand :
_bTheory and Empirical Evidence /
_cWerner Hildenbrand.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2014]
264 4 _c©1994
300 _a1 online resource (216 p.) :
_b43 illus. 10 tables
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aFrontiers of Economic Research ;
_v215
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tChapter 1. Introduction --
_tChapter 2. Market Demand --
_tChapter 3. Increasing Dispersion --
_tChapter 4. The Law of Demand --
_tAppendix 1. Monotone Functions --
_tAppendix 2. Wald's Axiom --
_tAppendix 3. The Weak Axiom of Revealed Preference and the Slutsky Decomposition --
_tAppendix 4. Monotonicity of Individual Demand Functions --
_tAppendix 5. Spread and Dispersion --
_tAppendix 6. The Structure Matrix B (f̄, ̄ρ) --
_tReferences --
_tAuthor Index --
_tSubject Index --
_tIndex of Frequently Used Symbols
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aIn 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.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aDemand (Economic theory)
_xMathematical models.
650 0 _aHouseholds
_xEconomic aspects
_xMathematical models.
650 7 _aBUSINESS & ECONOMICS / Economics / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400863716
856 4 0 _uhttps://www.degruyter.com/isbn/9781400863716
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400863716.jpg
942 _cEB
999 _c208211
_d208211