Behavioral Heterogeneity

A notion of "behavioral heterogeneity" of a finite population of households is modelled. It is shown that the higher the degree of behavioral heterogeneity the less sensitive depends the aggregate consumption expenditure ratio upon prices. As a consequence, behavioral heterogeneity implies a tendency for the Jacobian of aggregate demand to have a negative dominant diagonal

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Year of publication:	1999
Authors:	Hildenbrand, Werner ; Kneip, Alois
Publisher:	[S.l.] : SSRN
Subject:	Aggregation \| Konsumtheorie \| Consumption theory \| Konsumentenverhalten \| Consumer behaviour \| Privater Konsum \| Private consumption

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Extent:	1 Online-Ressource (19 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1999 erstellt
Other identifiers:	10.2139/ssrn.190212 [DOI]
Classification:	D11 - Consumer Economics: Theory ; E10 - General Aggregative Models. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014179292