Consumer Preferences, Linear Demand Functions and Aggregation in Competitive Asset Markets

DOI10.2307/2297010zbMath0422.90006OpenAlexW2060531832MaRDI QIDQ3856369

Frank Milne

Publication date: 1979

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297010

zbMATH Keywords

competitive economyArrow-Debreu modelcomplete marketsconsumer preferencesaggregation theoremscompetitive asset marketsGorman representative consumer theoremlinear Engel curvesmultiperiod incomplete security markets modelquasi-homothetic utility functionsuncertainty economics

Mathematics Subject Classification ID

Utility theory (91B16) Group preferences (91B10) General equilibrium theory (91B50)

Related Items (6)

Approximation aggregation under uncertainty ⋮ \(p\)-weakly constrained Pareto efficiency and aggregation in incomplete markets ⋮ GENERAL PROPERTIES OF ISOELASTIC UTILITY ECONOMIES ⋮ Information and securities: A note on Pareto dominance and the second best ⋮ Aggregation, determinacy, and informational efficiency for a class of economies with asymmetric information ⋮ Induced preferences and the theory of the consumer

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