Optimal income distribution rules and representative consumers.

This paper derives observable properties of economies with optimal income distribution rules that specify consumers' incomes as functions of aggregate income and prices. Optimality implies that the aggregate demand function is generated by a single “representative” consumer, cf. Samuelson (1956)....

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Publicado en:	Review of Economic Studies Vol. 61; pp. 739 - 772
Autor principal:	Jerison, Michael
Formato:	Artículo
Publicado:	Oxford University Press / UK October 1994
Materias:	Mathematical models of income distribution Economic demand Consumer preferences Mathematical models
Acceso en línea:	Ver este registro en EBSCOhost