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dc.contributor.authorKubler, Félix
dc.contributor.authorEkeland, Ivar
dc.contributor.authorChiappori, Pierre-André
dc.contributor.authorPolemarchakis, Heracles
dc.date.accessioned2011-05-30T11:51:36Z
dc.date.available2011-05-30T11:51:36Z
dc.date.issued1999
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/6360
dc.language.isoenen
dc.subjecttestabilityen
dc.subjectidentificationen
dc.subjectequilibriumen
dc.subjectaggregationen
dc.subject.ddc519en
dc.subject.classificationjelD1en
dc.subject.classificationjelD5en
dc.titleThe identification of preferences from equilibrium pricesen
dc.typeDocument de travail / Working paper
dc.description.abstractenThe fundamentals of an exchange economy, the preferences of individuals, can be identified from the competitive equilibrium correspondence, which associates equilibrium prices of commodities to allocations of endowments; the argument extends to production economies. The essential step is the identification of fundamentals from aggregate demand as a function of the prices of commodities and the distribution of income. The graph of the equilibrium correspondence or of the aggregate demand function satisfy non - trivial restrictions. The identification of fundamentals allows for the prediction of the response of individuals and the economy to changes in the organization of production and exchange, while restrictions on the equilibrium correspondence or the aggregate demand function imply that general equilibrium theory has testable implications.en
dc.publisher.nameUniversité catholique de Louvainen
dc.publisher.cityLouvainen
dc.identifier.citationpages22en
dc.relation.ispartofseriestitleCORE Discussion Papersen
dc.relation.ispartofseriesnumber2000-24en
dc.description.sponsorshipprivateouien
dc.subject.ddclabelProbabilités et mathématiques appliquéesen


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