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On integrability and aggregation of superior demand functions

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Author Info
José C. R. Alcantud () (Universidad de Salamanca)
Susanne Fuchs-Seliger () (Universität Karlsruhe)

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Abstract

When each of the members of a collective displays a demand behavior that is consistent with a homogeneous of degree one in income demand, it is well known that some properties carry over to the aggregate representative consumer. We investigate those issues when the components of the society are allowed to behave in agreement with less restrictive demand patterns, namely superior demand functions.

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File URL: http://economicsbulletin.vanderbilt.edu/2007/volume4/EB-07D10008A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 4 (2007)
Issue (Month): 13 ()
Pages: 1-7
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:4:y:2007:i:13:p:1-7

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
Phone: 615-322-2920
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Related research
Keywords: aggregation of demand; Strong Axiom of Revealed Preference; superior demand;

Find related papers by JEL classification:
D1 - Microeconomics - - Household Behavior

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Richter, Marcel K., 1979. "Duality and rationality," Journal of Economic Theory, Elsevier, vol. 20(2), pages 131-181, April. [Downloadable!] (restricted)
  2. Chipman, John S., 1974. "Homothetic preferences and aggregation," Journal of Economic Theory, Elsevier, vol. 8(1), pages 26-38, May. [Downloadable!] (restricted)
  3. José Alcantud & Gianni Bosi & Carlos Palmero & Magalì Zuanon, 2006. "Mathematical utility theory and the representability of demand by continuous homogeneous functions," Portuguese Economic Journal, Springer, vol. 5(3), pages 195-205, December. [Downloadable!] (restricted)
  4. Jerison, Michael, 1984. "Aggregation and pairwise aggregation of demand when the distribution of income is fixed," Journal of Economic Theory, Elsevier, vol. 33(1), pages 1-31, June. [Downloadable!] (restricted)
  5. Fuchs-Seliger, Susanne, 1980. "On the Continuity of Utility Functions in the Theory of Revealed Preference," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(3), pages 611-18, October. [Downloadable!] (restricted)
  6. Shafer, Wayne J, 1977. "Revealed Preference and Aggregation," Econometrica, Econometric Society, vol. 45(5), pages 1173-82, July. [Downloadable!] (restricted)
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Statistics
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This page was last updated on 2009-11-16.

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