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Relevant bibliographies by topics / Demand (Economic theory) – Econometric models

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Academic literature on the topic 'Demand (Economic theory) – Econometric models'

Author: Grafiati

Published: 4 June 2021

Last updated: 29 January 2023

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Journal articles on the topic "Demand (Economic theory) – Econometric models"

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Lewbel, Arthur. "Demand Systems With and Without Errors." American Economic Review 91, no. 3 (2001): 611–18. http://dx.doi.org/10.1257/aer.91.3.611.

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Revealed preference theory assumes that each consumer has demands that are rational, meaning that they arise from the maximization of his or her own utility function. In contrast, econometric or statistical demand models assume that each consumer's demands equal a rational systematic component derived from a common utility function, plus an individual-specific, additive error term. This paper reconciles these differences, by providing necessary and sufficient conditions for rationality of statistical demand models given individual consumer rationality. (JEL D11, D12, C30, C43)

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van Garderen, Kees Jan. "Curved Exponential Models in Econometrics." Econometric Theory 13, no. 6 (1997): 771–90. http://dx.doi.org/10.1017/s0266466600006253.

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Curved exponential models have the property that the dimension of the minimal sufficient statistic is larger than the number of parameters in the model. Many econometric models share this feature. The first part of the paper shows that, in fact, econometric models with this property are necessarily curved exponential. A method for constructing an explicit set of minimal sufficient statistics, based on partial scores and likelihood ratios, is given. The difference in dimension between parameterand statistic and the curvature of these models have important consequences for inference. It is not t

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Goldberger, Arthur S. "Interviewed by Nicholas M. Kiefer." Econometric Theory 5, no. 1 (1989): 133–60. http://dx.doi.org/10.1017/s0266466600012299.

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Econometrics as practiced by Arthur (Art) Goldberger demonstrates extraordinary sensitivity to issues of measurement and model specification, and unusual care and caution in interpretation of results, as well as a thorough and comprehensive mastery of econometric theory. His landmark 1964 book, Econometric Theory, set a new standard of rigor in econometrics, and at the same time treated the important problems posed by limited and qualitative dependent variables years before any other text. Art Goldberger's work ranges from early contributions to macro modeling through demand analysis, multivar

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D’Amours, Alban, and Léandre Nadeau. "L’économique de l’habitation : une revue de lalittérature." Articles 50, no. 2 (2009): 191–231. http://dx.doi.org/10.7202/803043ar.

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Abstract This article has a two-fold purpose: first, to offer as complete an inventory aspossible of the literature written on the economics of housing, classifying thisliterature according to subject matter (in this sense, the article takes on theappearance of an annotated bibliography); and second, to take a hard look at thepresent state of economic theory in this field. The article is divided into the following six sections: 1) existing surveys;2) studies related to long-term cycles in residential construction; 3) theoriesexplaining short-term fluctuations; 4) verbal models; 5) econometric

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Śliwicki, Dominik. "Econometric Analysis of the Factors of Long-term Unemployment in Poland." Oeconomia Copernicana 4, no. 2 (2013): 39–56. http://dx.doi.org/10.12775/oec.2013.012.

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Long-term unemployment that is lasting more than twelve months,a phenomenon described by the theory of economics as a manifestation of a permanentimbalance between labor supply and demand for labor. In fact, it bringsthe same negative effects both in terms of economic, social and individual sphere.As a result, it leads to the formation of pejorative phenomena and behavior. Tocounter these negative phenomena, public employment services in its terms ofreference have the early detection of people at risk of long-term unemployment andto take preventive measures.The purpose of this article is to pr

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Al-zubidi, Ali Khaleel. "Laplace Distribution And Probabilistic (bi) In Linear Programming Model." Journal of Economics and Administrative Sciences 17, no. 61 (2011): 20. http://dx.doi.org/10.33095/jeas.v17i61.1090.

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The theory of probabilistic programming may be conceived in several different ways. As a method of programming it analyses the implications of probabilistic variations in the parameter space of linear or nonlinear programming model. The generating mechanism of such probabilistic variations in the economic models may be due to incomplete information about changes in demand, production and technology, specification errors about the econometric relations presumed for different economic agents, uncertainty of various sorts and the consequences of imperfect aggregation or disaggregating of economi

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Yehong, Shu, and He Yucheng. "Empirical Analysis Between Economic Growth and Energy Consumption Based on the Perspective of Industrial Structure." Open Fuels & Energy Science Journal 7, no. 1 (2014): 158–63. http://dx.doi.org/10.2174/1876973x01407010158.

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Energy is an important material basis for social and economic development. With the rapid economic development, energy is increasingly becoming an important issue of socio-economic development. As China's "two-oriented society" pilots Hunan Province, a major breakthrough occurred in the transformation of economic growth, adjusting the industrial structure and promoting energy conservation and environmental protection, but still faces shortage of energy supply and demand and supply imbalances, impacting on sustainable economic development. This paper introduces the economic growth based on the

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Yerdelen Tatoglu, Ferda, and Hasan Gul. "Analysis of tourism demand using a multi-dimensional panel gravity model." Tourism Review 75, no. 2 (2019): 433–47. http://dx.doi.org/10.1108/tr-05-2019-0147.

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Purpose This study aims to estimate the determinants of international tourist flows between destinations by using the panel gravity model. Design/methodology/approach The multi-dimensional panel gravity model was used to analyse tourism originating from 30 different countries to the 14 most-visited countries in the world between 2008 and 2016. Income (i.e. per capita gross domestic product for both the origin and destination countries), distance between countries, various economic indicators and six dummy variables were added to the gravity model as control variables. Findings The results indi

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Bhattacharya, Debopam. "The Empirical Content of Binary Choice Models." Econometrica 89, no. 1 (2021): 457–74. http://dx.doi.org/10.3982/ecta16801.

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An important goal of empirical demand analysis is choice and welfare prediction on counterfactual budget sets arising from potential policy interventions. Such predictions are more credible when made without arbitrary functional‐form/distributional assumptions, and instead based solely on economic rationality, that is, that choice is consistent with utility maximization by a heterogeneous population. This paper investigates nonparametric economic rationality in the empirically important context of binary choice. We show that under general unobserved heterogeneity, economic rationality is equiv

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Ivchenko, Yu S. "Determination of the main factors of the gross regional product level by econometric modeling methods for the totality of regions of the Russian Federation." Statistics and Economics 16, no. 6 (2019): 4–18. http://dx.doi.org/10.21686/2500-3925-2019-6-4-18.

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The purpose of the research is to identify factors that determine the level of gross regional product, using the construction of econometric models. In terms of the economic theory the volume of gross added value of the region depends on existence of resources, efficiency of use of resources, level of effective demand for the consumption of gross added value, level of export, structure of the regional economy. In the article, by constructing econometric models with a different set of factors, the most essential and statistically significant factors determining the level of gross regional produ

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Dissertations / Theses on the topic "Demand (Economic theory) – Econometric models"

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Vashi, Vidyut H. "The effect of price, advertising, and income on consumer demand : an almost ideal demand system investigation /." Diss., This resource online, 1994. http://scholar.lib.vt.edu/theses/available/etd-06062008-165751/.

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Devaraj, Srikant. "Specification and estimation of the price responsiveness of alcohol demand| A policy analytic perspective." Thesis, Indiana University - Purdue University Indianapolis, 2016. http://pqdtopen.proquest.com/#viewpdf?dispub=10032406.

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<p> Accurate estimation of alcohol price elasticity is important for policy analysis – e.g.., determining optimal taxes and projecting revenues generated from proposed tax changes. Several approaches to specifying and estimating the price elasticity of demand for alcohol can be found in the literature. There are two keys to policy-relevant specification and estimation of alcohol price elasticity. First, the underlying demand model should take account of alcohol consumption decisions at the extensive margin – i.e., individuals’ decisions to drink or not – because the pri

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Pereda, Paula Carvalho. "Estimação das equações de demanda por nutrientes usando o modelo Quadratic Almost Ideal Demand System (QUAIDS)." Universidade de São Paulo, 2008. http://www.teses.usp.br/teses/disponiveis/12/12138/tde-04092008-105503/.

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O objetivo deste trabalho foi analisar a dieta alimentar dos brasileiros. Para tal, estimouse o sistema de equações de demanda do consumidor por nutrientes e as elasticidades, que trazem informações sobre a sensibilidade do consumidor frente a variações nos preços e na renda. A base de dados utilizada foi a Pesquisa de Orçamentos Familiares (POF) de 2002/3, realizada pelo Instituto Brasileiro de Geografia e Estatística (IBGE). Utilizou-se o modelo QUAIDS para estimar as equações de demanda e as elasticidades preço e renda/dispêndio foram calculadas. A hipótese de não-linearidade do dispêndio t

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Villela, Bernardo Antunes Maciel. "Demanda por veículos novos no Brasil: uma análise robusta a quebras estruturais." reponame:Repositório Institucional do BNDES, 2014. https://web.bndes.gov.br/bib/jspui/handle/1408/7108.

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O setor automotivo é bastante representativo na economia nacional, o que motivou a realização deste estudo sobre a demanda por veículos novos no Brasil. No presente trabalho, é abordado um modelo econométrico que permite calcular as elasticidades do preço, da renda e do crédito em relação à demanda por veículos, sob a luz da teoria da cointegração. Analisando-se o período de junho de 2000 a janeiro de 2014, verifica-se a ocorrência de três quebras estruturais. Estas quebras dividem o intervalo de tempo analisado em quatro subperíodos, cada um com uma dinâmica própria. A constatação deste fato,

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Adusumilli, Karun. "Essays on inference in econometric models." Thesis, London School of Economics and Political Science (University of London), 2018. http://etheses.lse.ac.uk/3760/.

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This thesis contains three essays on inference in econometric models. Chapter 1 considers the question of bootstrap inference for Propensity Score Matching. Propensity Score Matching, where the propensity scores are estimated in a first step, is widely used for estimating treatment effects. In this context, the naive bootstrap is invalid (Abadie and Imbens, 2008). This chapter proposes a novel bootstrap procedure for this context, and demonstrates its consistency. Simulations and real data examples demonstrate the superior performance of the proposed method relative to using the asymptotic dis

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McGarry, Joanne S. "Seasonality in continuous time econometric models." Thesis, University of Essex, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.313064.

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Chambers, Marcus James. "Durability and consumers' demand : Gaussian estimation and some continuous time models." Thesis, University of Essex, 1989. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.238563.

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Furuya, Jun. "Econometric analysis of Japanese beef supply and demand /." free to MU campus, to others for purchase, 2000. http://wwwlib.umi.com/cr/mo/fullcit?p9999284.

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Kapetanios, George. "Essays on the econometric analysis of threshold models." Thesis, University of Cambridge, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.286704.

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Hall, Stephen George Frederick. "Solving and evaluating large non-linear econometric models." Thesis, Queen Mary, University of London, 1986. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.261290.

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Books on the topic "Demand (Economic theory) – Econometric models"

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Dargay, Joyce. Factor demand in Swedish manufacturing: Econometric analyses. S. Academiae Ubsaliensis, 1988.

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Probleme der Konstruktion und Überprüfung ökonometrischer Modelle der Konsumgüternachfrage. Haag + Herchen, 1986.

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Easton, B. H. The real wage debate, 1978-1990. Victoria University of Wellington, 1990.

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Okrent, Abigail Mary. Demand for food in the United States: A review of literature, evaluation of previous estimates, and presentation of new estimates of demand. Giannini Foundation of Agricultural Economics, University of California, 2011.

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Fox, Karl August. Demand analysis, econometrics, and policy models: Selected writings. Iowa State University Press, 1992.

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Oum, Tae Hoon. A survey of recent estimates of price elasticities of demand for transport. World Bank, 1990.

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Benkard, C. Lanier. Demand estimation with heterogeneous consumers and unobserved product characteristics: A hedonic approach. National Bureau of Economic Research, 2004.

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Benkard, C. Lanier. Demand estimation with heterogeneous consumers and unobserved product characteristics: A hedonic approach. National Bureau of Economic Research, 2004.

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Woo, Chi-Keung. Factor supply interruption, welfare loss and shortage management. City Polytechnic of Hong Kong, Department of Economics and Finance, 1993.

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Ellison, Glenn. Internet retail demand: Taxes, geography, and online-offline competition. Massachusetts Institute of Technology, Dept. of Economics, 2006.

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Book chapters on the topic "Demand (Economic theory) – Econometric models"

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Calzolari, Giorgio, and Lorenzo Panattoni. "Gradient Methods in Fiml Estimation of Econometric Models." In Developments of Control Theory for Economic Analysis. Springer Netherlands, 1987. http://dx.doi.org/10.1007/978-94-009-3495-5_10.

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Gruber, Josef. "Interactive Vector Optimization as a Complement to Optimal Control in Econometric Models." In Developments of Control Theory for Economic Analysis. Springer Netherlands, 1987. http://dx.doi.org/10.1007/978-94-009-3495-5_5.

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Ishikawa-Ishiwata, Yuki, and Jun Furuya. "Economic Evaluation and Climate Change Adaptation Measures for Rice Production in Vietnam Using a Supply and Demand Model: Special Emphasis on the Mekong River Delta Region in Vietnam." In Interlocal Adaptations to Climate Change in East and Southeast Asia. Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-81207-2_4.

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AbstractVietnam is one of the most affected countries in terms of monetary losses or mortality of extreme events due to climate change in the world. Since agriculture is directly affected by the climate conditions in Vietnam, several adaptation measures such as shifting transplanting dates and/or using different cultivars have been taken to mitigate the loss of rice production because of climate change. In this chapter, we introduce the econometric evaluation methods of the adaptation measures with the supply and demand models. The supply and demand models each consist of yield, planted area, exports, imports, stock changes, and food demand functions of rice. By measuring the yield and planted area functions with climate variables, the effect of climate change on future rice production and food demand can be estimated. By inserting a mathematical model of dissemination of new cultivars, the possible outlook of the adaptation measure can be assessed as scenarios. In the case of the Mekong Delta Region, farmers in the coastal to central areas have been shifting the aquaculture-based farming style. We also discuss these transitions of farming style.

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Pulido-Velazquez, Manuel, Patricia Marcos-Garcia, Corentin Girard, et al. "A Top-Down Meets Bottom-Up Approach for Climate Change Adaptation in Water Resource Systems." In Springer Climate. Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-030-86211-4_18.

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AbstractThe adaptation to the multiple facets of climate/global change challenges the conventional means of water system planning. Numerous demand and supply management options are often available, from which a portfolio of adaptation measures needs to be selected in a context of high uncertainty about future conditions. A framework is developed to integrate inputs from the two main approaches commonly used to plan for adaptation. The proposed “top–down meets bottom–up” approach provides a systematic and practical method for supporting the selection of adaptation measures at river basin level by comprehensively integrating the goals of economic efficiency, social acceptability, environmental sustainability, and adaptation robustness. The top-down approach relies on the use of a chain of models to assess the impact of global change on water resources and its adaptive management over a range of climate projections. Future demand scenarios and locally prioritized adaptation measures are identified following a bottom-up approach through a participatory process with the relevant stakeholders and experts. Cost-effective combinations of adaptation measures are then selected using a hydro-economic model at basin scale. The resulting adaptation portfolios are climate checked to define a robust program of measures based on trade-offs between adaptation costs and reliability. Valuable insights are obtained on the use of uncertain climate information for selecting robust, reliable, and resilient water management portfolios. Finally, cost allocation and equity implications are analyzed through the comparison of economically rational results (cooperative game theory) and the application of social justice principles.

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Barnett, William A., and Ikuyasu Usui. "Chapter 6 The Theoretical Regularity Properties of the Normalized Quadratic Consumer Demand Model." In International Symposia in Economic Theory and Econometrics. Elsevier, 2007. http://dx.doi.org/10.1016/s1571-0386(07)18006-6.

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Chiappori, Pierre-André. "Conclusion." In Matching with Transfers. Princeton University Press, 2017. http://dx.doi.org/10.23943/princeton/9780691171739.003.0008.

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This concluding chapter discusses the progress that has been made with matching models on both the theoretical and the empirical front. Regarding theory, the power and the limits of the transferable utility (TU) model are now better understood. The TU framework can (admittedly under specific assumptions on preferences) encompass most aspects of family economics, including fertility, domestic production, risk sharing, and the consumption of public commodities. On the empirical side, the econometrics of matching models have seen several major advances, with the Choo-Siow model as a prime example. The chapter also considers what matching models teach us about reality, such as the asymmetry between male and female demand for higher education, and the relationship between assortative matching and inequality. Furthermore, a host of social issues can only be analyzed from a general equilibrium perspective; this is evident in the case of Roe v. Wade.

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Sengupta, Jhumur. "Application of Econometrics in Business Research." In Applications of Big Data in Large- and Small-Scale Systems. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-6673-2.ch010.

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The last few years have seen great developments in econometrics for a better understanding of economic phenomena. The range of areas in which econometric models are successfully applied has steadily widened including finance and business management. Econometric analysis is concerned with the quantitative relationships between economic variables and it can provide an important input into the decision-making process. The range of areas in which econometric models are successfully applied has steadily widened including finance and business management. Econometrics has enhanced our understanding of the way the managerial decision works. Econometrics is used in doing quantitative analysis of actual economic phenomena based on theory and observations. An economic model is based on a set of assumptions to simplify the complex economic phenomena. This chapter is an attempt to review the application of econometrics using business data. The main objective of this chapter is to chart the application of this science in various fields of business management.

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Hansen, Lars Peter, and Thomas J. Sargent. "Linear Stochastic Difference Equations." In Recursive Models of Dynamic Linear Economies. Princeton University Press, 2013. http://dx.doi.org/10.23943/princeton/9780691042770.003.0002.

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This chapter describes the vector first-order linear stochastic difference equation. It is first used to represent information flowing to economic agents, then again to represent competitive equilibria. The vector first-order linear stochastic difference equation is associated with a tidy theory of prediction and a host of procedures for econometric application. Ease of analysis has prompted the adoption of economic specifications that cause competitive equilibria to have representations as vector first-order linear stochastic difference equations. Because it expresses next period's vector of state variables as a linear function of this period's state vector and a vector of random disturbances, a vector first-order vector stochastic difference equation is recursive. Disturbances that form a “martingale difference sequence” are basic building blocks used to construct time series. Martingale difference sequences are easy to forecast, a fact that delivers convenient recursive formulas for optimal predictions of time series.

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Chu, C. Y. Cyrus. "Income-Specific Population Models: Steady States and Comparative Dynamics." In Population Dynamics. Oxford University Press, 1998. http://dx.doi.org/10.1093/oso/9780195121582.003.0008.

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I mentioned in chapter 1 that the standard new household economics model of fertility, derived and modified by Becker (1960), DeTray (1973), Willis (1973), and later followers, emphasized the parental choices and tradeoffs between the quantity and the quality of their children. As Becker (1960) pointed out, one motivation for the new household economics approach to fertility decisions is to construct a demand-side household-decision structure to replace Malthus’s out-of-date supply-side population theory. The fertility decision theory along these lines has been called by Schultz (1981, 1988) and Dasgupta (1995) the demand-side demography theory. One difference between the demand-side demography theory and the classical Malthusian theory is that the former approach emphasized the static decision of a micro agent, whereas the Malthusian theory described the macro dynamic pattern of the population. Thus, from a theoretical point of view, the development of the demand-side demography lacks a macro dynamic counterpart. In this chapter I shall establish a macro dynamic population theory based on a fairly general version of Becker’s and others’ static setup of fertility demand. Once we shift our focus to the household fertility decision, it is natural that the household economic variables that affect female fertility decisions, such as her wages, family income, or the opportunity cost of babysitting, will become important explanatory variables of aggregate demographic patterns. Given that the fluctuation of mortality is no longer significant in recent years and that human fertility decisions are largely affected by the above-mentioned household economic variables, then in order to explain the aggregate pattern of population movement, it is natural to classify people by these economic variables rather than by ages. This is another motivation for the derivation of a non-age-specific stable population theory. As we focus upon the macro dynamic implications of Becker’s micro static fertility decision model, it is convenient to ignore sex differences and suppress the age structure of a person by assuming that everyone lives two periods, young and old. This is very much the same as the one-sex Samuelsonian (1958) overlapping-generation model: individuals who remain in the parental household are called young; they become old when they form their own families.

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Pilipenko, Andrey Igorevich. "Education and Theory of Psychological and Cognitive Barriers." In Social, Economic, and Environmental Impacts Between Sustainable Financial Systems and Financial Markets. IGI Global, 2020. http://dx.doi.org/10.4018/978-1-7998-1033-9.ch011.

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The author identifies the psychological and cognitive barriers (PCBs) in the students' consciousness in schooling as the very important factor of the contemporary education system crisis. Focusing on the unresolved “how to learn” problem, the author reveals the essence of PCBs, their causes, and models for overcoming them. At the same time, the main attention is paid to the social aspect of insurmountable PCBs at school. It is about the education failure of schoolchildren, which predetermines their life and professional failure. And this, in turn, predetermines their negative value orientation in social exchange. As a result, the society receives a low-quality educational component of human capital, which is less and less in demand on the labor market due to the technological challenges of the future. The PCBs overcoming creates conditions for the success of schoolchildren as future carriers of high-quality human capital, able to ensure stable economic growth thanks to the activities of highly educated and intellectually autonomous professionals.

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Conference papers on the topic "Demand (Economic theory) – Econometric models"

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Michalek, Jeremy J., Panos Y. Papalambros, and Steven J. Skerlos. "A Study of Emission Policy Effects on Optimal Vehicle Design Decisions." In ASME 2003 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. ASMEDC, 2003. http://dx.doi.org/10.1115/detc2003/dac-48767.

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A methodology is presented for studying the effects of automobile emission policies on the design decisions of profit-seeking automobile producers in a free-entry oligopoly market. The study does not attempt to model short-term decisions of specific producers. Instead, mathematical models of engineering performance, consumer demand, cost, and competition are integrated to predict the effects of design decisions on manufacturing cost, demand, and producer profit. Game theory is then used to predict vehicle designs that producers would have economic incentive to produce at market equilibrium und

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Salminen, Vesa, Heikki Ruohomaa, and Minna Takala. "Future Ecosystem Ensuring Competitiveness in Continuous Co-Evolution." In 13th International Conference on Applied Human Factors and Ergonomics (AHFE 2022). AHFE International, 2022. http://dx.doi.org/10.54941/ahfe1002245.

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The world is changing rapidly, and it is difficult to form clear understanding of future challenges and opportunities. Continuous demand on sustainability, carbon neutrality, circular economy and life cycle material chain management has changed societies and all industries fast. However, sustainable development and competitiveness are always based on being economically viable and circular economy itself is an economic theory. The amount of usable data in business environment is at the same time exponentially increasing. Technology opportunities as well are prominent to use the data in managing

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Alali, Ammar, Hamza Aljamaan, Mahbub Ahmed, and Hanan Alomani. "Overcoming Challenges in the Development of Underground Gas Storage." In SPE Conference at Oman Petroleum & Energy Show. SPE, 2022. http://dx.doi.org/10.2118/200300-ms.

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Abstract Subsurface gas storage is a strategic tool used to balance seasonal sales gas supply and demand fluctuations. Developing and managing gas storage reservoirs requires the application of standard reservoir engineering tools and practices; however, a number of additional challenges are specific to Underground Gas Storage (UGS). This paper addresses these challenges and present both modelling, design, and operational solutions. There are important considerations and challenges that can be associated with areas such as reservoir selection, surface-subsurface modelling, and optimum number o

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