Measurement and Modelling in Economics (eBook)
475 Seiten
Elsevier Science (Verlag)
978-1-4832-9550-3 (ISBN)
Contained in this volume are the edited and refereed papers which were presented at a conference held at Nuffield College, Oxford in May 1987. The papers, which represent the recent research of a group of eminent economists, reflect the variety and scope of modern economic analysis. New results are presented in econometric estimation, the theory of aggregation, poverty measurement and the general theory of measurement in economics. The volume is distinguished by the inclusion of the discussion which occurred as each paper was presented, so capturing the interaction and exchange of ideas that characterised the conference.
Front Cover 1
Measurement and Modelling in Economics 4
Copyright Page 5
Table of Contents 12
INTRODUCTION TO THE SERIES 6
DEDICATION 8
PREFACE 10
LIST OF CONFERENCE PARTICIPANTS 14
CHAPTER 1. INTRODUCTION 16
CHAPTER 2. EQUATIONS AND INEQUALITIES IN THE THEORY OF MEASUREMENT 26
1 Introduction 26
2 The Equation of Measurement 27
3 The Inequalities of Inequality Measurement 33
4 Applications 35
5 Characterisations of Particular Measures 38
References 38
Discussion 41
CHAPTER 3. NONPARAMETRIC TESTS OF ADDITIVE DERIVATIVE CONSTRAINTS 58
1 Introduction 58
2 The Basic Framework and Examples 62
3 The Regression Approach to Testing Derivative Constraints 66
4 Estimation of Departure–Regression Coefficients 72
5 Conclusion 84
Appendix 1: Estimator Formulae 86
Appendix 2: Assumptions 93
Appendix 3: Proofs 96
References 104
Discussion 108
CHAPTER 4. POVERTY INDICES AND DECOMPOSABILITY 124
REFERENCES 132
Discussion 133
CHAPTER 5. OPTIMAL UNIFORM TAXATION AND THE STRUCTURE OF CONSUMER PREFERENCES 146
1 Introduction 146
2 The "Deaton11 Condition 147
3 The Mirrlees Condition 151
4 A New Condition 156
5 Extensions 160
6 Concluding Remarks 161
References 161
Discussion 163
CHAPTER 6. AGGREGATE PRODUCTION FUNCTIONS AND PRODUCTIVITY MEASUREMENT: A NEW LOOK 172
1 Introduction 172
2 Aggregation in the Absence of Variations in Utilization 175
3 Utilization and the Measurement of Labour Input 178
4 Capital Measurement, Capacity Utilization and Unobserved Scrapping 183
5 Measurement Biases in Output 185
6 Empirical Results 189
7. Conclusions 206
Appendix 1:An Alternative Measure of Labour Utilization 209
Appendix 2:A method for measuring capacity utilization from surveys 212
References 215
Discussion 219
CHAPTER 7. A MODEL OF CAKE DIVISION WITH A BLIND PLAYER 234
1 Introduction 234
2 The Model in Continuous Form 238
3 Solving for an IC q(s) Function in the Mixed Strategy Case 241
4 The Model in Discrete Form 242
5 A Limit Theorem 248
6 Interpretations of the Model and Implicit Contract Theory 252
7 Concluding Remarks 255
APPENDIX 255
References 258
GAMBLERS AND LIARS 259
1 Introduction 259
2 Random Exclusion. 261
3 An Information–Revealing Probability Function 265
4 A Special Case 269
5 Bisk Aversion and the Probability of Exclusion 272
6 Concluding Remarks 275
References 276
Discussion 277
CHAPTER 8. THE ESTIMATION OF ENGEL CURVES 282
1 Introduction 282
2 Modelling the Rate of Consumption 284
3 The Relationship Between Purchases and Consumption 291
4 Nonlinear Least–Squares Estimation 296
5 A Fully–Specified Model 304
REFERENCES 319
Discussion 320
CHAPTER 9. ECONOMETRIC APPROACHES TO THE SPECIFICATIONAND ESTIMATION OFINTERTEMPORAL CONSUMER BEHAVIOUR 340
1 Introduction 340
2 Intertemporal Separability, Frisch Demands and Two—StageBudgeting 343
3 Restrictions and Properties of the Intertemporally Separable Models 358
4 Estimation from a Cohort Panel 371
5 Conclusions 380
REFERENCES 381
Discussion 386
CHAPTER 10. MORE MEASURES FOR FIXED FACTORS 396
Abstract 396
1 Introduction 396
2 Net Supply Functions 398
3 Relative Supplies 403
4 Aggregates Independent of Prices 405
5 Additive Homogeneity 409
6 A Hint of Rigour 412
APPENDIX A 416
APPENDIX B – PROCESSES 423
APPENDIX C – Market Production 425
REFERENCES 426
Discussion 427
CHAPTER 11. USE AND MISUSE OF SINGLE–CONSUMER RESULTS IN AMULTI–CONSUMER ECONOMY: THE OPTIMALITY OF PROPORTIONAL COMMODITY TAXATION 440
1 Introduction 440
2 Technical Assumptions 441
3 Community Preferences 442
4 Implicit Separability 444
5 The Optimality of Proportional Commodity Taxes 450
References 459
Discussion 461
AUTHOR INDEX 470
SUBJECT INDEX 474
Erscheint lt. Verlag | 28.6.2014 |
---|---|
Sprache | englisch |
Themenwelt | Schulbuch / Wörterbuch ► Lexikon / Chroniken |
Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik | |
Sozialwissenschaften ► Soziologie ► Empirische Sozialforschung | |
Wirtschaft ► Allgemeines / Lexika | |
Wirtschaft ► Betriebswirtschaft / Management | |
Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie | |
ISBN-10 | 1-4832-9550-8 / 1483295508 |
ISBN-13 | 978-1-4832-9550-3 / 9781483295503 |
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