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Consumer demand and intertemporal allocations: Engel, Slutsky, and Frisch. (English) Zbl 0970.91039
Strøom, Steinar (ed.), Econometrics and economic theory in the 20th century. The Ragnar Frisch centennial symposium. Papers from the symposium held in Oslo, Norway, March 3-5, 1995. Cambridge: Cambridge University Press. Econ. Soc. Monogr. 31, 147-166 (1998).
The link between Frisch demand and Marshallian demand is used to provide a strategy for estimating income effects, price effects and intertemporal substitution effects in consumer demand. The Frisch approach, together with the two-stage budgeting results of Gorman, are shown to provide a natural set of building blocks for analysis of consumer demand.
For the entire collection see [Zbl 0944.00092].

MSC:
91B42 Consumer behavior, demand theory
91B84 Economic time series analysis
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