Publisher's Synopsis
This book contains state-of-the-art essays on consumer demand and econometrics written by international economists and econometricians in honour of Professor Henri Theil. The essays report the results of current pioneering research work and cover important topics: estimation and testing of various new demand systems and their applications to welfare issues, inequality tests, mixing forecasts, dynamic panel data models with errors in variables, among other, and would make significant contributions to the general theory and applications of consumer behaviour, quantitative economics, econometric methodology, and statistical analysis.