Authors:
- Addresses the core issues facing economists concerning price determination in commodity markets
- Provides a thorough and unified treatment of important concepts related to demand in a single source
- Uses several data sets to bridge the gap between theory and empirical analysis
- Contains exercises at the end of each chapter
Part of the book series: Palgrave Studies in Agricultural Economics and Food Policy (AEFP)
Part of the book sub series: Palgrave Textbooks in Agricultural Economics and Food Policy (PTAEFP)
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Table of contents (10 chapters)
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Front Matter
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Back Matter
About this book
What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data—time series or cross section—that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.
Authors and Affiliations
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North Carolina State University, Raleigh, USA
Michael K. Wohlgenant
About the author
Bibliographic Information
Book Title: Market Interrelationships and Applied Demand Analysis
Book Subtitle: Bridging the Gap Between Theory and Empirics in Commodities Markets
Authors: Michael K. Wohlgenant
Series Title: Palgrave Studies in Agricultural Economics and Food Policy
DOI: https://doi.org/10.1007/978-3-030-73144-1
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Softcover ISBN: 978-3-030-73143-4Published: 29 June 2021
eBook ISBN: 978-3-030-73144-1Published: 28 June 2021
Series ISSN: 2662-3889
Series E-ISSN: 2662-3897
Edition Number: 1
Number of Pages: XVI, 230
Number of Illustrations: 2 b/w illustrations, 1 illustrations in colour
Topics: Agricultural Economics, Industrial Organization, Economic Theory/Quantitative Economics/Mathematical Methods, Behavioral/Experimental Economics