Market Demand : : Theory and Empirical Evidence / / Werner Hildenbrand.
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...
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Place / Publishing House: | Princeton, NJ : : Princeton University Press, , [2014] ©1994 |
Year of Publication: | 2014 |
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Language: | English |
Series: | Frontiers of Economic Research ;
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Physical Description: | 1 online resource (216 p.) :; 43 illus. 10 tables |
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Hildenbrand, Werner, author. aut http://id.loc.gov/vocabulary/relators/aut Market Demand : Theory and Empirical Evidence / Werner Hildenbrand. Course Book Princeton, NJ : Princeton University Press, [2014] ©1994 1 online resource (216 p.) : 43 illus. 10 tables text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Frontiers of Economic Research ; 215 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 http://purl.org/coar/access_right/c_16ec online access with authorization star 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) Demand (Economic theory) Mathematical models. Households Economic aspects Mathematical models. BUSINESS & ECONOMICS / Economics / General. bisacsh Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package 1980-1999 9783110413441 Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package Social Sciences 9783110413601 Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Archive 1927-1999 9783110442496 print 9780691606095 https://doi.org/10.1515/9781400863716 https://www.degruyter.com/isbn/9781400863716 Cover https://www.degruyter.com/cover/covers/9781400863716.jpg |
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English |
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author |
Hildenbrand, Werner, Hildenbrand, Werner, |
spellingShingle |
Hildenbrand, Werner, Hildenbrand, Werner, Market Demand : Theory and Empirical Evidence / Frontiers of Economic Research ; 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 |
author_facet |
Hildenbrand, Werner, Hildenbrand, Werner, |
author_variant |
w h wh w h wh |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Hildenbrand, Werner, |
title |
Market Demand : Theory and Empirical Evidence / |
title_sub |
Theory and Empirical Evidence / |
title_full |
Market Demand : Theory and Empirical Evidence / Werner Hildenbrand. |
title_fullStr |
Market Demand : Theory and Empirical Evidence / Werner Hildenbrand. |
title_full_unstemmed |
Market Demand : Theory and Empirical Evidence / Werner Hildenbrand. |
title_auth |
Market Demand : Theory and Empirical Evidence / |
title_alt |
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 |
title_new |
Market Demand : |
title_sort |
market demand : theory and empirical evidence / |
series |
Frontiers of Economic Research ; |
series2 |
Frontiers of Economic Research ; |
publisher |
Princeton University Press, |
publishDate |
2014 |
physical |
1 online resource (216 p.) : 43 illus. 10 tables Issued also in print. |
edition |
Course Book |
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 |
isbn |
9781400863716 9783110413441 9783110413601 9783110442496 9780691606095 |
callnumber-first |
H - Social Science |
callnumber-subject |
HB - Economic Theory and Demography |
callnumber-label |
HB801 -- H5 1994EB |
callnumber-sort |
HB 3801 H5 41994EB |
url |
https://doi.org/10.1515/9781400863716 https://www.degruyter.com/isbn/9781400863716 https://www.degruyter.com/cover/covers/9781400863716.jpg |
illustrated |
Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
338 - Production |
dewey-full |
338.5212 |
dewey-sort |
3338.5212 |
dewey-raw |
338.5212 |
dewey-search |
338.5212 |
doi_str_mv |
10.1515/9781400863716 |
oclc_num |
979750307 |
work_keys_str_mv |
AT hildenbrandwerner marketdemandtheoryandempiricalevidence |
status_str |
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ids_txt_mv |
(DE-B1597)447480 (OCoLC)979750307 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package 1980-1999 Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package Social Sciences Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Archive 1927-1999 |
is_hierarchy_title |
Market Demand : Theory and Empirical Evidence / |
container_title |
Title is part of eBook package: De Gruyter Princeton Legacy Lib. eBook Package 1980-1999 |
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1770176713925328896 |
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