First Published in 2011. This title takes econometric studies as data; it examines their assumptions, investigates their methodologies, contrasts the data sets they use, and compares their results. By informing users what they can and cannot expect from researchers, it can sharpen the criteria that are used to commission such studies and judge their results. By examining an array of studies dealing with the same or related phenomena, Bohi can analyse the ways in which decisions made by researchers affect their results. All while considering inferences surrounding the role of econometric demand estimation in formulating policy and understanding demand behavior.

First Published in 2011. This title takes econometric studies as data; it examines their assumptions, investigates their methodologies, contrasts the data sets they use, and compares their results. By informing users what they can and cannot expect from researchers, it can sharpen the criteria that are used to commission such studies and judge their results. By examining an array of studies dealing with the same or related phenomena, Bohi can analyse the ways in which decisions made by researchers affect their results. All while considering inferences surrounding the role of econometric demand estimation in formulating policy and understanding demand behavior.

The income velocity of money-an inverse measure of the demand for money balances-is the ratio of the money value of income to the average money stock that the public (excluding banks) holds in a given period. Why the magnitude of that ratio has changed over time is the subject of Michael D. Bordo and Lars Jonung's classic study, originally published as The Long-Run Behavior of the Velocity of Circulation. Supported by statistical data, econometric estimation techniques, and meticulous historical analysis, this work describes, in an international setting, how slow-moving economic, social, and political forces interact with the decisions households and firms make about how much money to hold. Annual time series of velocity for several countries from the late nineteenth century to the late twentieth century display a U-shaped pattern. Existing theories can explain each section of the velocity curve-the falling, flat, and rising parts-but the overall pattern is not consistent with any one theory. Here the authors put forth a comprehensive explanation for this behavior over time. Their theory is largely an extension of the approach of Knut Wicksell, the Swedish economist who stressed the role of substitution between monetary assets. This approach, which emphasizes institutional variables, is incorporated into the arguments for the traditional long-run money demand (velocity) function. Four types of empirical evidence strongly support the authors' theory: econometric studies of the long-run velocity function for several countries; a cross section study of approximately eighty countries in the postwar period; a case study of the Swedish monetization process in the fifty years before World War I; and an examination of the time series properties of velocity. Demand for Money suggests that institutional factors, as opposed to real income, play a greater role in velocity than previously thought. And these institutional factors have a major impact on monetary policy. This is a book that will prove of great value to economists, monetary strategists, and policymakers.

The Routledge Companion to Consumer Behavior Analysis provides a unique and eclectic combination of behavioral, cognitive and environmental perspectives to illuminate the real-world complexities of consumer choice in a marketing-oriented economy. Edited by a leading authority in the field, the contributing authors have created a unique anthology for understanding consumer preference by bringing together the very latest research and thinking in consumer behavior analysis. This comprehensive and innovative volume ranges over a broad multi-disciplinary perspective from economic psychology, behavioral psychology and experimental economics, but its chief focus is on the critical evaluation of consumer choice in the natural settings of affluent, marketing-oriented economies. By focussing on human economic and social choices, which involve social exchange, it explores and reveals the enormous potential of consumer behavior analysis to illuminate the role of modern marketing-oriented business organizations in shaping and responding to consumer choice. This will be of particular interest to academics, researchers and advanced students in marketing, consumer behavior, behavior analysis, social psychology, behavioral economics and behavioral psychology.

Microeconomic Modeling and Policy Analysis: Studies in Residential Energy Demand analyzes the aggregates and distributional impacts from alternative energy polices related to the energy demands of residential consumers. The book also analyzes the use of micro-simulation models in the study. The book examines three alternative energy policies and their possible impacts on the residential energy demand. The text describes models on energy use including general micro-simulation and micro-simulation as applied in ""Residential End-Use Energy Planning Systems"" (REEPS) and the Oak Ridge National Laboratory (ORNL) Residential Energy Consumption Model. The book describes REEPS as a model providing end-use specific forecasts of energy consumption at the household level. The text describes ORNL as a computationally simpler design but conceptually more complex one. The book then evaluates three different policy scenarios using each of these two models. The performance of REEPS and ORNL, as well as other dimensions of model projections, is examined. The implications regarding 1) policy analysis and 2) the use of micro simulation models are noted. The book then presents a table that summarizes the results of the comparative model evaluation. Energy policymakers, city and local government planning officials, development engineers, and environmentalists will find this book very relevant.