To make high-quality research more accessible and easier to explore.

Fields:
2 results ✕ Clear filters

On Combining Market and Budget Data in Demand Studies: A Suggestion

Econometrica 1939 7(4), 332
In the work done to obtain demand functions from market data, the influence of income changes on demand has been usually eliminated (by Professor Schultz and others) by regarding the national income per head, R, as a linear component of the demand function; sometimes a parameter supposed to characterize the distribution (such as Pareto's a or some index of concentration)' was used as another such component, e.g.: