Welcome to IOU Digital Library

This book is a definitive treatise on American consumer behavior, offering a comprehensive econometric analysis of how U.S. households adjust consumption in response to changes in prices and income. Using data from the Bureau of Labor Statistics (BLS) and the U.S. National Income and Product Accounts (NIPA), the authors estimate price and income elasticities across a wide range of goods and services — and provide models to forecast future demand patterns. The third edition updates the original Houthakker‑Taylor model framework with new chapters and methodologies (e.g., quantile regression), revisits assumptions about preference stability, and explores links between economic demand theory and psychological aspects of consumption. The result is the most extensive and current reference for researchers, policymakers, and economists studying consumption, demand elasticity, and macroeconomic consumption behavior in the United States

no reviews

245: $a: Consumer Demand in the United States: Prices, Income, and Consumption Behavior
245: $b:
082: $a:
100: $a: Lester D. Taylor & H. S. Houthakker
650: $a: Econometrics
250: $a:
440: $v:
250: $b: Springer (Berlin / Heidelberg)
250: $c: 2009
020: $a: 978-1-4419-0509-3
300: $a: 522