Exact aggregation and generalized Slutsky conditions
type: Item
instance of: scholarly article
title: Exact aggregation and generalized Slutsky conditions
zbMATH Open document ID: 0537.90002
DOI: 10.1016/0022-0531(84)90099-1
author: Thomas M. Stoker
published in: Journal of Economic Theory
publication date: 1984-01-01T00:00:00Z
review text: The article shows the existence of a natural connection between a) certain restrictions for the matrix of aggregate price derivatives of consumer demand functions (the generalized Slutzky conditions: GSC), and b) the theory of exact aggregation (stating conditions under which a particular type of aggregate demand function exists). It is shown in particular that the first set of conditions is assured (for the case where the GSC are not known to hold true) iff individual demands are of a generalized exact aggregation form. This result provides further understanding of the relations between properties of aggregate demand and allowable differences between consumers as well as the 'integrability of aggregate demand'.
Mathematics Subject Classification ID: 91B10
zbMATH DE Number: 3854739
zbMATH Keywords: consumer demand
zbMATH Keywords: generalized Slutzky conditions
zbMATH Keywords: aggregation
reviewed by: Peter Flaschel
MaRDI profile type: Publication
full work available at URL: 0022-0531(84)90099-1
OpenAlex ID: W2083957150
cites work: Q5514010
cites work: Excess demand functions
cites work: Generalized Slutsky conditions for aggregate consumer demand functions
cites work: Community Preference Fields
cites work: A note on the fundamental theorem of exact aggregation
cites work: Aggregation, Income Distribution and Consumer Demand
cites work: Community Preferences and the Representative Consumer
cites work: Market Excess Demand Functions
description: scientific article; zbMATH DE number 3854739