The sensitivity of the cost of living to changes in the prices of monetary assets : a variable consumer preference approach.

Bibliographic Details
Main Author: Johnson, John David
Other Authors: Burke, Jonathan (degree committee member.), Choobineh, Joobin (degree committee member.)
Format: Thesis Book
Language:English
Published: 1987.
Subjects:
Online Access:Link to OAKTrust copy

MARC

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099 |a 1987  |a Dissertation  |a J67 
100 1 |a Johnson, John David. 
245 1 4 |a The sensitivity of the cost of living to changes in the prices of monetary assets :  |b a variable consumer preference approach. 
264 1 |c 1987. 
300 |a xi, 112 leaves ;  |c 29 cm 
336 |a text  |b txt  |2 rdacontent 
337 |a unmediated  |b n  |2 rdamedia 
338 |a volume  |b nc  |2 rdacarrier 
500 |a Typescript (photocopy). 
502 |b Ph. D. in Economics  |c Texas A & M University  |d 1987 
500 |a Vita. 
504 |a Includes bibliographical references (leaves 47-53). 
520 3 |a This dissertation will investigate the multi-variate statistical modeling of consumer behavior and its application to "true" cost of living indices (TCLI's). The archetypal approach, with problems of this genre, has been to impose constraints from neoclassical economic theories. However, some of the conventional assumptions are inadequate because, although successful in reducing complexity, they often drive likelihood ratios and their significance probabilities to zero. More particularly this study will analyze the sensitivities of the (TCLI's) to changes of prices and income, in particular the prices of monetary assets. This sensitivity analysis is applied to a TCLI that is based on a minimal set of theoretical assumptions. This intended minimal theory is achieved through the use of the nonparametric TCLI's based on the GFT form of direct utility function, which form does not rule out a priori any direct utility function that happens to conform to the data. Which is to say if the "true" functional form happens to be Leontief, Translog, the customary price dependent preference models, etc., this will show up in the likelihood ratio tests of their observational equivalent images which are nested within the GFT framework. A linear GFT-Translog, an observational equivalent form of the linear Translog whose image has been nested within the GFT framework, along with two other linear alternative functional specifications of the systematic changes of taste are considered. In addition different commodity groupings which contain monetary assets are used. 
650 0 |a Consumption (Economics)  |x Mathematical models. 
650 0 |a Cost and standard of living. 
650 0 |a Consumer behavior. 
650 4 |a Major economics. 
655 7 |a Academic theses  |2 lcgft 
700 1 |a Basmann, Robert L.,  |e degree supervisor. 
700 1 |a Battalio, Raymond C.,  |e degree supervisor. 
700 1 |a Burke, Jonathan,  |e degree committee member. 
700 1 |a Choobineh, Joobin,  |e degree committee member. 
710 2 |a Texas A & M University,  |e degree granting institution. 
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