Aggregation and pairwise aggregation of demand when the distribution of income is fixed (Q794540): Difference between revisions
From MaRDI portal
Set profile property. |
Set OpenAlex properties. |
||
Property / full work available at URL | |||
Property / full work available at URL: https://doi.org/10.1016/0022-0531(84)90037-1 / rank | |||
Normal rank | |||
Property / OpenAlex ID | |||
Property / OpenAlex ID: W2055092499 / rank | |||
Normal rank |
Revision as of 21:03, 19 March 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Aggregation and pairwise aggregation of demand when the distribution of income is fixed |
scientific article |
Statements
Aggregation and pairwise aggregation of demand when the distribution of income is fixed (English)
0 references
1984
0 references
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.
0 references
pairwise aggregation
0 references
fixed income distribution
0 references
consumer behavior
0 references
Necessary and sufficient conditions
0 references
mean demand
0 references
Slutsky conditions
0 references
homothetic preferences
0 references