TY  - SER
TI  - Advances in econometrics
SN  - 0892321385
AV  - HB139 .A33
U1  - 330.01'5195 
PY  - 1982///-
CY  - Greenwich, Conn.
PB  - JAI Press
KW  - Econometrics
KW  - Consumer behavior--Econometric models
KW  - Labor supply--Econometric models
N2  - Almost half of this book is devoted to the essay by Dale Jorgenson, Lawrence Lau, and Thomas Stoker, "The Transcendental Logarithmic Model of' Aggregate Consumer Behavior." A general approach to the exact aggregation
of demand functions over households is taken: household demand functions may be nonlinear in income, and correspondingly the aggregate demand function may contain indexes (i.e., symmetric functions, not merely the mean) of household incomes. Attributes such as demographic characteristics may also enter the household functions and then reappear as indexes in the aggregate function. All this serves to increase the generality of consumer demand systems while preserving the utility-maximizing underpinnings. For 
a more concise development, see Lau (1982)
ER  -