Aggregation and pairwise aggregation of demand when the distribution of income is fixed (Q794540): Difference between revisions
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Aggregation and pairwise aggregation of demand when the distribution of income is fixed |
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Aggregation and pairwise aggregation of demand when the distribution of income is fixed (English)
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1984
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Necessary and sufficient conditions under which the mean demand of each pair of consumers satisfies the Slutsky conditions are derived for the case when the distribution of income is fixed. The necessary conditions are satisfied for income distributions only if the consumers have homothetic preferences. Some related more general problems are discussed as well.
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pairwise aggregation
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fixed income distribution
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consumer behavior
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Necessary and sufficient conditions
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mean demand
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Slutsky conditions
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homothetic preferences
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