Limited data means that prior structure is needed when working with large demand systems. The cost function is a convenient vehicle for generating demand systems incorporating such structure. While the cost function directly yields Hicksian demand functions they will not usually have an explicit...

We examined the impact of the depreciation of the Australian dollar (AU$) during 2013-2015 on the expenditure of households with foreign-born members (HFBMs) in Australia. Employing the difference-in-differences method and 2013-2015 Nielson Homescan Panel Survey data, we found that HFBMs spent...

We model the future tobacco consumption, size of smoking population and governmental tax revenues in the Czech Republic. The main assumption of our model states that smokers determine their future tobacco consumption behavior as adolescents. Further assumptions make the model applicable to the...

We examine the impact of the depreciation of the Australian dollar (AU$) on the expenditure of households with foreign-born members (HFBMs) in Australia. Employing a difference-in-differences methodology and using the 2013-2015 Nielson Homescan Panel Survey data, we find that HFBMs spent more on...

This volume is mainly concerned with methods of estimating income elasticity. It is connected with economic development that can be achieved by reducing income inequality, a highly relevant subject in today's world for a wide range of policy areas.