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Economics and Consumer Behavior
Abstract
This classic text has introduced generations of students to the economic theory of consumer behaviour. Written by 2015 Nobel Laureate Angus Deaton and John Muellbauer, the book begins with a self-contained presentation of the basic theory and its use in applied econometrics. These early chapters also include elementary extensions of the theory to labour supply, durable goods, the consumption function, and rationing. The rest of the book is divided into three parts. In the first of these the authors discuss restrictions on choice and aggregation problems. The next part consists of chapters on consumer index numbers; household characteristics, demand, and household welfare comparisons; and social welfare and inequality. The last part extends the coverage of consumer behaviour to include the quality of goods and household production theory, labour supply and human capital theory, the consumption function and intertemporal choice, the demand for durable goods, and choice under uncertainty.
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Citations
Cited by
By Force of Habit: A Consumption‐Based Explanation of Aggregate Stock Market Behavior
Campbell, J. Y., & Cochrane, J. H. (1999) · Journal of Political Economy · doi:10.1086/250059 · Cited by 5,210
The analysis of household surveys: A microeconometric approach to development policy
Deaton, A. (1997) · doi:10.1596/0-8018-5254-4 · Cited by 4,877
Self-citationEnergy efficiency and consumption—The rebound effect—A survey
A. Greening, L., Greene, D. L., & Difiglio, C. (2000) · Energy Policy · doi:10.1016/s0301-4215(00)00021-5 · Cited by 2,077
Bolton, R. N. (1998) · Marketing Science · doi:10.1287/mksc.17.1.45 · Cited by 1,948
Understanding and misunderstanding randomized controlled trials
Deaton, A., & Cartwright, N. (2018) · Social Science & Medicine · doi:10.1016/j.socscimed.2017.12.005 · Cited by 1,841
Self-citationPoverty and Famines: An Essay on Entitlement and Deprivation
Sen, A. (1983) · doi:10.1093/0198284632.001.0001 · Cited by 1,216
Neural Predictors of Purchases
Knutson, B., Rick, S., Wimmer, G. E., Prelec, D., & Loewenstein, G. (2007) · Neuron · doi:10.1016/j.neuron.2006.11.010 · Cited by 1,171
Reference Price Research: Review and Propositions
Mazumdar, T., Raj, S. P., & Sinha, I. (2005) · Journal of Marketing · doi:10.1509/jmkg.2005.69.4.84 · Cited by 848
In Sickness and in Health: Risk Sharing within Households in Rural Ethiopia
Dercon, S., & Krishnan, P. (2000) · Journal of Political Economy · doi:10.1086/316098 · Cited by 693
On Measuring Child Costs: With Applications to Poor Countries
Deaton, A. S., & Muellbauer, J. (1986) · Journal of Political Economy · doi:10.1086/261405 · Cited by 522
Self-citationThe information content of equivalence scales
Blundell, R., & Lewbel, A. (1991) · Journal of Econometrics · doi:10.1016/0304-4076(91)90089-v · Cited by 277
Grewal, R., Mehta, R., & Kardes, F. R. (2004) · Journal of Marketing Research · doi:10.1509/jmkr.41.1.101.25090 · Cited by 229
Household equivalence scales and welfare comparisons
Lewbel, A. (1989) · Journal of Public Economics · doi:10.1016/0047-2727(89)90035-2 · Cited by 217
The Money Pump as a Measure of Revealed Preference Violations
Echenique, F., Lee, S., & Shum, M. (2011) · Journal of Political Economy · doi:10.1086/665011 · Cited by 160
Changing Behavior Using the Model of Action Phases
Keller, L., Gollwitzer, P. M., & Sheeran, P. (2020) · The Handbook of Behavior Change · doi:10.1017/9781108677318.006 · Cited by 147
Narcissism and consumer behaviour: a review and preliminary findings
Cisek, S. Z., Sedikides, C., Hart, C. M., Godwin, H. J., Benson, V., & Liversedge, S. P. (2014) · Frontiers in Psychology · doi:10.3389/fpsyg.2014.00232 · Cited by 121
Food price volatility and household food security: Evidence from Nigeria
Amolegbe, K. B., Upton, J., Bageant, E., & Blom, S. (2021) · Food Policy · doi:10.1016/j.foodpol.2021.102061 · Cited by 116
Chapter 6 Income poverty in advanced countries
Jäntti, M., & Danziger, S. (2000) · Handbook of Income Distribution · doi:10.1016/s1574-0056(00)80009-3 · Cited by 75
Environmentally significant behavior in the home
Stern, P. C. (2008) · The Cambridge Handbook of Psychology and Economic Behaviour · doi:10.1017/cbo9780511490118.015 · Cited by 50
Do we know how much poverty there is?
Székely *, M., Lustig, N., Cumpa, M., & Mejía, J. A. (2004) · Oxford Development Studies · doi:10.1080/1360081042000293335 · Cited by 40
Dudel, C., Garbuszus, J. M., & Schmied, J. (2021) · Empirical Economics · doi:10.1007/s00181-020-01822-6 · Cited by 40
“Homogeneity and Slutsky symmetry have been rejected in all of the demand systems but the QAI demand system (Deaton and Muellbauer 1980a; Blundell et al. 1998).”
BackgroundMethodInfluentialA matching estimator of household equivalence scales
Szulc, A. (2009) · Economics Letters · doi:10.1016/j.econlet.2009.01.027 · Cited by 18
Sánchez-Romero, M., Patxot, C., Rentería, E., & Souto, G. (2013) · Journal of Population Economics · doi:10.1007/s00148-012-0422-z · Cited by 12
Metadata
- Authors
- Deaton, A., & Muellbauer, J.
- Venue
- Cambridge University Press eBooks
- Publisher
- Cambridge University Press
- Published
- 1980-05-30
- OpenAlex
- W2048711016
- Cited by
- 4,260
- References
- 0
- FWCI
- 132.38
- Type
- book
- Language
- en
- Open access
- closed
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