Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets.
The paper has been divided into six sections; Section 1 surveys additive utility functions with linear Engel curves; Section 2 summarizes the Gorman, representative-consumer theorem; Section 3 translates the theorems of the previous sections into the Arrow-Debreu complete market model and obtains pa...
| Publicado en: | Review of Economic Studies Vol. 46; no. 3; pp. 407 - 418 |
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| Formato: | Artículo |
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Oxford University Press / USA
Jul79
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=4618219&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 4618219 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Jul79 vid: 46 iid: 3 pid: 622 pub: Oxford University Press / USA artinfo: ui: 4618219 10.2307/2297010 ppf: 407 ppct: 11 formats: tig: atl: Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets. aug: au: Milne, Frank affil: Australian National University and University of Rochester su: Economics Markets Commerce Consumer preferences Consumer behavior Economic demand Securities Utility functions Econometric models Mathematical economics sug: subj: Economics Markets Commerce Consumer preferences Consumer behavior Economic demand Securities Utility functions Econometric models Mathematical economics ab: The paper has been divided into six sections; Section 1 surveys additive utility functions with linear Engel curves; Section 2 summarizes the Gorman, representative-consumer theorem; Section 3 translates the theorems of the previous sections into the Arrow-Debreu complete market model and obtains particular cases for the more general results; Section 4 considers a two period incomplete market model and the aggregation theorem; Section 5 extends the analysis to many periods; and Section 6 provides some general concluding comments. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1979 holdings: @attributes: islocal: N |
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