Free Delivery Over $100
|
|
|||
|
||||
OverviewThe focus of this Element is on the idea that choice is hierarchical so that there exists an order of acquisition of durable goods and assets as real incomes increase. Two main approaches to deriving such an order are presented, the so-called Paroush approach and Item Response Theory. An empirical illustration follows, based on the 2019 Eurobarometer Survey. The Element ends with two sections showing first how measures of inequality, poverty and welfare may be derived from such an order of acquisition, second that there is also an order of curtailment of expenditures when individuals face financial difficulties. This title is also available as Open Access on Cambridge Core. Full Product DetailsAuthor: Joseph Deutsch (Bar-Ilan University and Ashkelon Academic College) , Jacques Silber (Bar-Ilan University)Publisher: Cambridge University Press Imprint: Cambridge University Press Weight: 0.161kg ISBN: 9781009358170ISBN 10: 1009358170 Pages: 102 Publication Date: 22 February 2024 Audience: College/higher education , Undergraduate Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. Introduction; 2. Economics and Hierarchical Choice; 3. Deriving the order of acquisition of durable goods and assets: methodologies; 4. Deriving the order of acquisition of durable goods and assets: empirical illustrations; 5. The order of acquisition of durable goods and assets and the measurement of inequality, poverty, and welfare; 6. On the order of curtailment of expenditures; 7. Concluding comments.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
||||
