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Study of the Econometric Applications: Demand Functions and Systems

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Utility and Production

Part of the book series: Contributions to Economics ((CE))

Abstract

Consumer Marshallian demand functions are obtained by maximising the utility function (objective function) subject to a budget constraint. However, the consumer utility function is not directly observed, while its level of income and the quantities demanded are.

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Author information

Authors and Affiliations

  1. Department of Economics, University of Cantabria, Avda. Los Castros s/n, Santander, 39005, Spain

    Professor Pablo Coto-Millán

Authors
  1. Professor Pablo Coto-Millán
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© 2003 Springer-Verlag Berlin Heidelberg

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Coto-Millán, P. (2003). Study of the Econometric Applications: Demand Functions and Systems. In: Utility and Production. Contributions to Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57330-9_5

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  • DOI: https://doi.org/10.1007/978-3-642-57330-9_5

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-1423-1

  • Online ISBN: 978-3-642-57330-9

  • eBook Packages: Springer Book Archive

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