Aggregation and pairwise aggregation of demand when the distribution of income is fixed

DOI10.1016/0022-0531(84)90037-1MaRDI QIDQ794540zbMATH OpenOpenAlexFDO

Authors Michael Jerison

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)90037-1

zbMATH Keywords

consumer behaviorfixed income distributionhomothetic preferencesmean demandNecessary and sufficient conditionspairwise aggregationSlutsky conditions

Mathematics Subject Classification ID

Individual preferences (91B08) Group preferences (91B10) Utility theory (91B16)

Review text

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.

Recommendations

• Consistent aggregation of demand functions over restricted income distributions
• Distribution of Income and Aggregation of Demand
• scientific article; zbMATH DE number 1083577
• scientific article; zbMATH DE number 4137468
• Income distribution and aggregation/disaggregation biases in the measurement of consumer demand elasticities
• Exact aggregation when prices are variable across individuals
• Demand aggregation under structural stability
• Exact aggregation under summability and homogeneity with individually variable prices
• Demand aggregation and integrability of the HOGLEX demand function
• Stochastic demand correspondences and their aggregation properties

Cites work

• A note on the fundamental theorem of exact aggregation
• Aggregation and the existence of a social utility function
• Aggregation, Income Distribution and Consumer Demand
• Community Preference Fields
• Community Preferences and the Representative Consumer
• Demand aggregation and integrability of the HOGLEX demand function
• Duality and rationality
• Homotheticity and the Aggregation of Consumer Demands
• scientific article; zbMATH DE number 3827523 (Why is no real title available?)
• scientific article; zbMATH DE number 3196427 (Why is no real title available?)
• scientific article; zbMATH DE number 3086057 (Why is no real title available?)
• On social welfare functions and the aggregation of preferences
• On the "Law of Demand"
• The finite basis property and exact aggregation
• The Nonparametric Approach to Demand Analysis

Cited in

(13)

• Approximation aggregation under uncertainty
• Mean demand when consumers satisfy the weak axiom of revealed preference
• Dispersed excess demands, the weak axiom and uniqueness of equilibrium
• Behavioral heterogeneity and structural properties of aggregate demand
• Russell on Gorman's Engel curves. A correction
• Approximately rational consumer demand
• Economies with a two-sector representation
• Social Indifference Curves and Aggregate Demand
• Distributions of Preferences and the "Law of Demand"
• Demand aggregation and integrability of the HOGLEX demand function
• scientific article; zbMATH DE number 1083577 (Why is no real title available?)
• Distribution of Income and Aggregation of Demand
• Exact aggregation and generalized Slutsky conditions

This page was built for publication: Aggregation and pairwise aggregation of demand when the distribution of income is fixed

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q794540)