ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles by H Venkateswara RaoSubscribe to H Venkateswara Rao

Theory of Additive Preferences-Statistical Implications for Consumption Projections

In recent years a number of empirical studies on household consumer behaviour, based on National Sample Survey (NSS) data, have appeared. In their notable contributions published in this journal Bhatta- charya (1966), Joseph (1966, 1968) have examined the feasibility of adopting the linear expenditure model of Stone (1954, 1964) for India. In the present study the authors consider a system of non-linear Engel curves as an alternative hypothesis of consumer behaviour.

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