Thumbnail - Request a copy

Testable consequences of economic theory

Ekeland, Ivar (2000), Testable consequences of economic theory, Decisions in Economics and Finance, 23, 1, p. 1-13. http://dx.doi.org/10.1007/s102030050002

Type
Article accepté pour publication ou publié
Date
2000
Journal name
Decisions in Economics and Finance
Volume
23
Number
1
Publisher
Springer
Pages
1-13
Publication identifier
Metadata
Show full item record
Author(s)
Ekeland, Ivar
Abstract (EN)
This is a review of recent results on the disaggregation problem: given a collective demand function, is it or is it not the sum of individual demand functions, and, if it is, can one retrieve the individual demands from their given sum? There are several variants to this problem, depending on whether one deals with market demand or excess demand, but the general philosophy remains the same: to get interesting answers, i.e. to be able to discriminate between those collective demand functions which arise from individual utility maximization and those which do not, one needs microeconomic data (e. g., the individual allowances).
Subjects / Keywords
disaggregation problem
JEL
C5 - Econometric Modeling