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Contribution To The Analysis Of Consumer Behaviour., Dipankor Coondoo Dr.

Doctoral Theses

Studies on consumer behavicur : 4 surveyThis Chapter briefly reviews the methodology, implications and limitations of various approaches to empirical demand analysis and also sunmarises the important Indian contributions to this branch of econo- metric applications.The Hicks-Allen theory of consumer equil ibrium has been outlined first to indicate the nature of empirically ob servable restrictione that ensure consistent consumer behaviour in an essentially static world deal- ing solely with non-durable oommodities. The role of the assumption of separability of the utility function in quantitative applications has al so been stressed here. Finally, the sope and limitation of this theory has …