Demand aggregation under structural stability

Article Abstract:

A model for the mean aggregate consumption expenditure of a large and heterogeneous population of households was developed. The aggregation mechanism was based ona assumptions of how the income distribution and the make up of the population transforms over time. It was observed that the change in the aggregate consumption expenditure ratio can be decomposed into a consequence of changing income dispersion, an impact of income growth, an influence of price-inflation and a result of changing composition of the population.

Models, Economic aspects, Income distribution, Households

---

Metonymy and cross-section demand

Article Abstract:

A study aimed at examining closely the metonymy hypothesis has proven that the distribution demand vectors obtained from a not necessarily metonymic population is the same as the distribution gained from some metonymic population. This suggests that the metonymy hypothesis cannot be dismissed or confirmed using data from a single cross-section.

Consumer Behavior, Demand (Economics)

---

A functional central limit theorem for equilibrium paths of economic dynamics

Article Abstract:

Probability distributions are analyzed to understand stochastic equilibrium paths. Aggregate utilities and rewards are assessed, and Brownian motion methods are applied.

Research, Stochastic analysis, Equilibrium (Economics)

Similar abstracts:

• Abstracts: Cooperation and effective computability. Evolutionary selection in normal-form games. Equilibrium refinement for infinite normal-form games
• Abstracts: The transition from a Dreze equilibrium to a Walresian equilibrium. Equilibrium adjustment of disequilibrium prices
• Abstracts: Robust rank tests of the unit root hypothesis. Strategic information transmission with verifiable messages. A divisible search model of Fiat money
• Abstracts: Predicting turning points in business cycles by detection of slope changes in the leading composite index. Estimation and forecasting of long-memory processes with missing values

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.