Demand is what the consumer can and is willing to buy at a given price over a given time period. Analyzing demand is a complicated process that takes into account many variables. Economists and ...
The first section of this paper deals with the properties any demand system should have if it is derived from any utility function. We find that the utility function under consideration could not be ...
We use Japanese aggregate and disaggregate money demand data to show that conflicting inferences can arise. The aggregate data appears to support the contention that there was no stable money demand ...