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1987•RePEc: Research Papers in EconomicsOpen access

MEASURING THE EFFECTS OF THE DISTRIBUTION OF INCOME UPON CONSUMER DEMAND FOR MEATS

William F. Hahn, Hahn, William F.

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Abstract

This study demonstrates that the market demand for a good is a function of the Moment Generating Function of the income distribution. A model is developed that simultaneously estimates consumers' demand elasticities and the parameters of the Moment Generating Function. Statistical tests support the validity of the model.

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What this paper is about

This study demonstrates that the market demand for a good is a function of the Moment Generating Function of the income distribution. A model is developed that simultaneously estimates consumers' demand elasticities and the parameters of the Moment Generating Function. Statistical tests support the validity of the model.

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Available abstract

This study demonstrates that the market demand for a good is a function of the Moment Generating Function of the income distribution. A model is developed that simultaneously estimates consumers' demand elasticities and the parameters of the Moment Generating Function. Statistical tests support the validity of the model.

Key concepts: Moment (physics), Econometrics, Economics, Function (biology), Distribution (mathematics), Demand curve, Consumer demand, Microeconomics

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