Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

The paper constructs and estimates an augmented system of dynamic demand equations in which the demand for leisure and the demand for transactions balances are imbedded. The Budget constraint, ...

The authors use Microsoft Excel to derive compensated and uncompensated demand curves. They use a constant elasticity of substitution (CES) utility function to show how changes in a good's price or ...