By Louis Philips, Lester D. Taylor (auth.), Louis Phlips, Lester D. Taylor (eds.)
During this testomony to the prestigious profession of H.S. Houthakker a few Professor Houthakker's acquaintances, former colleagues and previous scholars provide essays which construct upon and expand his many contributions to economics in aggregation, intake, progress and alternate. one of many special members are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The publication additionally comprises 4 formerly unpublished papers and notes by way of its special dedicatee.
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Additional info for Aggregation, Consumption and Trade: Essays in Honor of H.S. Houthakker
Bettendorf (1989), "Price Formation of Fish: An Application of an Inverse Demand System," European Economic Review, Vol. 33, pp. 1509 - 1525. P. and V. J. D. ), NorthHolland, Amsterdam, pp. 381 - 429. Charette, L. and C. Bronsard (1975), "Antonelli-Hicks-Allen et Antonelli-Allais-Barten, sur l'utilisation des conditions d'integrabilite d' Antonelli," Recherches Economiques de Louvain, Vol. 41, pp. 25 - 34. S. (1974), "A Reconsideration of the Empirical Implications of Additive Preference," Economic Journal, Vol.
J. Prais (1955, reprinted 1971), The Analysis of Family Budgets, Cambridge University Press. S. (1957), "An International Comparison of Household Expenditure Patterns, Commemorating the Centenary of Engel's Law," Econometrica, Vol. 25. S. (October 1961), "The Present State of Consumption Theory," Econometrica, Vol. 29. S. D. Taylor (1st edition 1966, enlarged edition 1970), Consumer Demand in the United States, Harvard University Press. S. , Mi1gate, M. and P. ), The New Palgrave, Vol. 2, Macmillan Press, London, pp.
In the case of substitution, g12 = g21 > 0, it is possible but not necessary that gAA is less negative than gll· Of course, in terms of price elasticities one should compare gAA/SA with gll/w 1. The smaller denominator in the latter case might make this elasticity more negative than for the aggregate. Still, aggregation as the reason of small price elasticities appears to be less evident than conventional wisdom suggests it is. 9. A Numerical Example Some of the conclusions of the preceding sections were ambiguous in the sense that without further information one could not make definite statements.
Aggregation, Consumption and Trade: Essays in Honor of H.S. Houthakker by Louis Philips, Lester D. Taylor (auth.), Louis Phlips, Lester D. Taylor (eds.)