Description innovation is universally recognized as an important source of economic growth. Patents may be considered as a potential measure of innovation. As such, patents may alter isoquant maps, and measuring their elasticities is both intuitively and empirically appealing. This book...

This volume presents straightforward, innovative research on the estimation of demand systems and the measurement of consumer preferences. Demand studies and understanding consumer behavior remain two of the most important areas of analysis by practicing applied economists and econometricians....

Across the globe every nation wrestles with how it will pay for, provide, regulate and administer its healthcare system. Health economics is the field of economics that deals with every one of those issues and the difficult issue of allocating resources where the allocation can literally mean...