TY  - CHAP
AB  - This chapter presents an exposition of the Generalized Fechner–Thurstone (GFT) direct utility function, the system of demand functions derived from it, other systems of demand functions from which it can be derived, and its purpose and the econometric circumstances that motivated its original development. Its use in econometrics is demonstrated by an application to household consumer survey data which explores the relationship between prices, on the one hand, and expected exogenous preference changers such as household size, schooling of heads of household, and other social factors, on the other.
VL  - 288
SN  - 978-1-84855-313-2, 978-1-84855-312-5/0573-8555
DO  - 10.1108/S0573-8555(2009)0000288008
UR  - https://doi.org/10.1108/S0573-8555(2009)0000288008
AU  - Basmann Robert L.
AU  - Hayes Kathy
AU  - McAleer Michael
AU  - McCarthy Ian
AU  - Slottje Daniel J.
ED  - Daniel J. Slottje
PY  - 2009
Y1  - 2009/01/01
TI  - Chapter 5 The GFT Utility Function
T2  - Quantifying Consumer Preferences
T3  - Contributions to Economic Analysis
PB  - Emerald Group Publishing Limited
SP  - 119
EP  - 147
Y2  - 2024/04/25
ER  -