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A note on the fundamental theorem of exact aggregation

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  • Lau, Lawrence J.

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  • Lau, Lawrence J., 1982. "A note on the fundamental theorem of exact aggregation," Economics Letters, Elsevier, vol. 9(2), pages 119-126.
  • Handle: RePEc:eee:ecolet:v:9:y:1982:i:2:p:119-126
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    Cited by:

    1. Bertrand Koebel, 1998. "Tests of Representative Firm Models: Results for German Manufacturing Industries," Journal of Productivity Analysis, Springer, vol. 10(3), pages 251-270, November.
    2. H. Youn Kim, 2005. "Aggregation Over Firms and Flexible Functional Forms," The Economic Record, The Economic Society of Australia, vol. 81(252), pages 19-29, March.
    3. Ray, Ranjan, 1985. "Specification and time series estimation of dynamic Gorman Polar Form demand systems," European Economic Review, Elsevier, vol. 27(3), pages 357-374.
    4. Kesavan, Thulasiram, 1988. "Monte Carlo experiments of market demand theory," ISU General Staff Papers 198801010800009854, Iowa State University, Department of Economics.
    5. Pope, Rulon, 1990. "Aggregation, Heterogeneity and Risk: Adding Apples and Oranges, or Apples and Apples," 1990 Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk Meeting, January 28-31, 1990, Sanibel Island, Florida 271538, Regional Research Projects > S-232: Quantifying Long Run Agricultural Risks and Evaluating Farmer Responses to Risk.
    6. Chambers, Robert G. & Pope, Rulon D., 1995. "Inequality Measures and Intergrable Demand Systems," Working Papers 197829, University of Maryland, Department of Agricultural and Resource Economics.
    7. Laisney, François, 1991. "Mikroökonometrische Untersuchung von Aggregationsproblemen: Eine partielle Übersicht," ZEW Discussion Papers 91-03, ZEW - Leibniz Centre for European Economic Research.
    8. Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
    9. Zizhuo Wang & Chaolin Yang & Hongsong Yuan & Yaowu Zhang, 2021. "Aggregation Bias in Estimating Log‐Log Demand Function," Production and Operations Management, Production and Operations Management Society, vol. 30(11), pages 3906-3922, November.
    10. Chambers, Robert G. & Pope, Rulon D., 1996. "Aggregable price-taking firms," European Economic Review, Elsevier, vol. 40(2), pages 417-428, February.
    11. Baccouche, Rafiq & Laisney, François, 1988. "Évaluation de six propositions de réforme de la TVA sur données microéconomiques," L'Actualité Economique, Société Canadienne de Science Economique, vol. 64(2), pages 178-208, juin.
    12. Falconi, Cesar & Senauer, Benjamin, 1991. "Aggregation Over Consumers And The Estimation Of A Demand System For U.S. Food," Staff Papers 14021, University of Minnesota, Department of Applied Economics.
    13. Colby, Scott & Tim, Graciano & Jeffrey, LaFrance & Rulon, Pope, 2011. "Money illusion, Gorman and Lau," MPRA Paper 32709, University Library of Munich, Germany.
    14. Fernald, John, 2022. "Dale W. Jorgenson: An intellectual biography," CEPR Discussion Papers 17320, C.E.P.R. Discussion Papers.
    15. Cao, Jing & Ho, Mun S. & Hu, Wenhao & Jorgenson, Dale, 2020. "Estimating flexible consumption functions for urban and rural households in China," China Economic Review, Elsevier, vol. 61(C).
    16. Chambers, Robert G. & Pope, Rulon D., 1991. "Engel's Law and Linear in Moments Aggregation," Working Papers 197757, University of Maryland, Department of Agricultural and Resource Economics.
    17. Hiroshi Fujiki & Cheng Hsiao, 2008. "Aggregate and Household Demand for Money: Evidence from the Public Opinion Survey on Household Financial Assets and Liabilities," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 26, pages 159-194, December.
    18. Jing Cao & Mun Sing Ho & Wenhao Hu & Dale Jorgenson, 2021. "Urban household consumption in China: Price, income, and demographic effects," Review of Development Economics, Wiley Blackwell, vol. 25(2), pages 810-833, May.
    19. Erik Biørn & Terje Skjerpen, 2002. "Aggregation and Aggregation Biases in Production Functions: A Panel Data Analysis of Translog Models," Discussion Papers 317, Statistics Norway, Research Department.
    20. Lau, Lawrence J. & Wu, Ho-Mou, 1996. "Exact aggregation under summability and homogeneity with individually variable prices," Economics Letters, Elsevier, vol. 50(3), pages 329-335, March.
    21. Kleinberg, Norman L. & Ma, Barry K. & Weiss, Jeffrey H., 2012. "On strong independence of allocative efficiency from distribution in the theory of public goods," Economics Letters, Elsevier, vol. 116(3), pages 343-345.
    22. Maria D. Tito, 2015. "Welfare Evaluation in a Heterogeneous Agent Model: How Representative is the CES Representative Consumer?," Finance and Economics Discussion Series 2015-109, Board of Governors of the Federal Reserve System (U.S.).
    23. Cranfield, J. A. L. & Preckel, Paul V. & Eales, James S. & Hertel, Thomas W., 2004. "Simultaneous estimation of an implicit directly additive demand system and the distribution of expenditure--an application of maximum entropy," Economic Modelling, Elsevier, vol. 21(2), pages 361-385, March.
    24. Krysiak, Frank C. & Krysiak, Daniela, 2002. "Aggregation of Dynamic Systems and the Existence of a Regeneration Function," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 517-539, November.
    25. Bente Halvorsen, 2006. "When can micro properties be used to predict aggregate demand?," Discussion Papers 452, Statistics Norway, Research Department.

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