This book provides answers to analysts’ need to know about the determinants of consumption, the elasticities of demand, with a unique two-track approach. The first gives a self-contained, non-technical rendition, accessible to those with limited background. The second track contains the underlying theory, derivations and some more advanced material. Subsequent chapters deal with the demand for food and other groups of goods, the system-wide approach to demand analysis, and the formulation of the demand side of equilibrium displacement and CGE models, including applications. This convenient source book, covering most major topics of this important part of the work of practitioners, will be valuable to students, consultants, business economists and government policy analysts. Clarity of exposition and economic intuition is emphasised throughout.

“In this remarkable book, the authors bridge the gap between sophisticated consumer demand theory and the practical world of economic modeling. Their guidance will be invaluable to anyone aiming to shed light on the economic impact of public policies.”

                  Thomas W. Hertel, Distinguished Professor and Executive Director, Center for Global Trade Analysis, Purdue University

“No-one is better placed than this set of authors to tackle these topics, as each of them has been pushing this intellectual frontier and testing it with their students for several decades. This masterful book allows the rest of us to also be beneficiaries of this collective endeavour.”

                   Kym Anderson AC, Executive Director, Wine Economics Research Centre; CEPR Research Fellow; George Gollin Professor Emeritus, School of Economics and Public Policy, University of Adelaide; and Honorary Professor of Economics, Arndt-Corden Department of Economics, Australian National University

“The elasticity of demand is a key parameter in economics - whether for micro studies or large-scale models. This book illuminates on short-cut approaches for measuring this elasticity and provides derivations and applications. It is a valuable resource for both students and seasoned economists.”

                     Paul Burke, Professor; Head, Arndt-Corden Department of Economics; and Deputy Director, Crawford School of Public Policy, ANU College of Law, Governance and Policy, Australian National University

"This book endears itself to me with its honest approach to determining elasticities for use in policy analysis. The book deserves wide readership among applied economic modellers who want to take their field forward by supplementing judgement with statistical evidence.”

                      Peter Dixon, AO, Professor, Centre of Policy Studies, Victoria University