On integrability and aggregation of superior demand functions
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.
Volume (Year): 4 (2007)
Issue (Month): 13 ()
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- 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;Instituto Superior de Economia e Gestao, vol. 5(3), pages 195-205, December.
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- Chipman, John S., 1974. "Homothetic preferences and aggregation," Journal of Economic Theory, Elsevier, vol. 8(1), pages 26-38, May.
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