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 negation dominant diagonal.

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Year of publication:	1999-03
Authors:	Hildenbrand, Werner ; Kneip, Alois
Institutions:	University of Bonn, Germany
Subject:	Aggregation \| behavioral heterogeneity \| mean demand

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Extent:	application/pdf application/postscript
Series:	Discussion Paper Serie A.
Type of publication:	Book / Working Paper
Classification:	D11 - Consumer Economics: Theory ; E10 - General Aggregative Models. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968150