Exact aggregation and generalized Slutsky conditions

DOI10.1016/0022-0531(84)90099-1MaRDI QIDQ792852zbMATH OpenOpenAlexFDO

Authors Thomas M. Stoker

Publication date 1984

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(84)90099-1

zbMATH Keywords

aggregationconsumer demandgeneralized Slutzky conditions

Mathematics Subject Classification ID

Group preferences (91B10)

Review text

The article shows the existence of a natural connection between a) certain restrictions for the matrix of aggregate price derivatives of consumer demand functions (the generalized Slutzky conditions: GSC), and b) the theory of exact aggregation (stating conditions under which a particular type of aggregate demand function exists). It is shown in particular that the first set of conditions is assured (for the case where the GSC are not known to hold true) iff individual demands are of a generalized exact aggregation form. This result provides further understanding of the relations between properties of aggregate demand and allowable differences between consumers as well as the 'integrability of aggregate demand'.

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Cites work

• A note on the fundamental theorem of exact aggregation
• Aggregation, Income Distribution and Consumer Demand
• Community Preference Fields
• Community Preferences and the Representative Consumer
• Excess demand functions
• Generalized Slutsky conditions for aggregate consumer demand functions
• scientific article; zbMATH DE number 3225653 (Why is no real title available?)
• Market Excess Demand Functions

Cited in

(16)

• Exact aggregation under summability and homogeneity with individually variable prices
• Existence conditions for aggregate demand functions
• Generalized separability and integrability: consumer demand with a price aggregator
• A note on the fundamental theorem of exact aggregation
• The finite basis property and exact aggregation
• On a theorem of Gorman
• A note on aggregation of Fechner-Thurstone direct utility functions
• Demand aggregation and integrability of the HOGLEX demand function
• Further Results on Aggregation of Differential Demand Equations
• scientific article; zbMATH DE number 4126955 (Why is no real title available?)
• Exact aggregation of consumer demand systems
• scientific article; zbMATH DE number 1082126 (Why is no real title available?)
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• Aggregation and identification in consumer demand systems
• Exact aggregation when prices are variable across individuals
• On some global properties of Gorman class demand systems

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