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Focusing on market demand, Hildenbrand introduces a groundbreaking theory developed over a decade of research, emphasizing the significance of household heterogeneity over individual rationality in the Law of Demand. The book shifts the traditional analysis from individual behavior to exploring how the properties of market demand arise from the aggregation process. This innovative perspective challenges conventional economic thought and offers new insights into the dynamics of demand in diverse populations.
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Market Demand, Werner Hildenbrand
- Language
- Released
- 2014
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Market Demand
- Subtitle
- Theory and Empirical Evidence
- Language
- English
- Authors
- Werner Hildenbrand
- Publisher
- Princeton University Press
- Released
- 2014
- Format
- Paperback
- Pages
- 216
- ISBN13
- 9780691606095
- Category
- Business and Economics
- Description
- Focusing on market demand, Hildenbrand introduces a groundbreaking theory developed over a decade of research, emphasizing the significance of household heterogeneity over individual rationality in the Law of Demand. The book shifts the traditional analysis from individual behavior to exploring how the properties of market demand arise from the aggregation process. This innovative perspective challenges conventional economic thought and offers new insights into the dynamics of demand in diverse populations.