If the Representative Agent is Used, Should He Be Believed? Aggregation, Welfare and the Role of Microfoundations in Quantitative Economic Policy

DOI10.1007/978-3-540-74684-3_3zbMath1477.91012OpenAlexW36079838MaRDI QIDQ5013725

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Publication date: 2 December 2021

Published in: Advances in Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/978-3-540-74684-3_3

zbMATH Keywords

welfare analysisrepresentative agentfalse assumptiontestable predictionunrealistic assumption

Mathematics Subject Classification ID

Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02) Welfare economics (91B15)

Cites Work

• Unnamed Item
• Excess demand functions
• Econometric Analysis of Aggregation in the Context of Linear Prediction Models
• Market Excess Demand Functions

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