Preliminaries.- and Overview.- Demand Theory Under Review.- Quantile Regression: A Robust Alternative to Least Squares.- Analyses of Data from BLS Consumer Expenditure Surveys.- Description of Data Used from the Ongoing BLS Consumer Expenditure Surveys.- Stability of U.S. Consumption Expenditure Patterns: 1996-1999.- Price and Income Elasticities Estimated from BLS Consumer Expenditure Surveys and ACCRA Price Data: Some Preliminary Results.- Estimation of Theoretically Plausible Demand Functions from U.S. Consumer Expenditure Survey Data.- An Additive Double-Logarithmic Consumer Demand System.- Quantile Regression Analysis of Asymmetrically Distributed Residuals.- CES Panel Dynamics: A Discrete-Time Flow-Adjustment Model.- Engel Curves for 29 Categories of CES Expenditure.- Summary of Cross-Sectional Results.- Analysis of Time-Series Data from National Income and Product Accounts.- Analysis of Time-Series Data on Personal Consumption Expenditures from the U.S. National Income and Product Accounts.- Quarterly PCE Models.- Annual PCE Models.- Discussion of the Time-Series Results.- Comparison of Time-Series and Cross-Sectional Elasticities.- Overall Assessment of CES and PCE Elasticities.- The Dynamics of Personal Saving.- Miscellaneous Studies of Income Distribution and Weak Axiom of Revealed Preference.- The Stationarity of Consumer Preferences: Evidence from Twenty Countries.- Notes on Thick-Tailed Distributions of Wealth.- Conic Distributions of Earned Incomes.- Final Evaluation.
Original editions sold 2500 copies and were among the most highly cited books in the field of demand theory
Taylor and Houthakker are two of the most well-known scholars in the field of demand analysis and consumption behavior, and pioneered dynamic consumption models that have been workhorses of applied econometrics for over 40 years
Most extensive coverage of price and income elasticities in relation to consumer demand to be found in any publication
Introduces models that will help economists and industry specialists to forecast future price elasticities
Stands at crossroads of economics and psychology, appealing to diverse audience