haku: @indexterm CONSUMER ECONOMICS / yhteensä: 63
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| Tekijä: | Blackorby, C. Schworm, W. |
| Otsikko: | The implications of additive community preferences in a multi-consumer economy |
| Lehti: | Review of Economic Studies
1993 : JAN, VOL. 60(1):202, p. 209-227 |
| Asiasana: | PREFERENCES ECONOMIC CONDITIONS CONSUMER ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The authors investigate the consequences of imposing additivity on community preferences. They show that there are important implications of additive community preferences that are not implied by the additivity of a single consumer's preferences. In particular, the authors show that imposing additivity on community preferences implies the existence of a representative consumer with a utility function in the CES family. They demonstrate the restrictive nature of these implications with three examples. |
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