The Implications of Additive Community Preferences in a Multi-Consumer Economy
The Implications of Additive Community Preferences in a Multi-Consumer Economy
复制标题
多消费者经济中附加社区偏好的影响
DOI：
10.2307/2297819
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发表时间：
1993
期刊：
影响因子：
--
通讯作者：
William Schworm
中科院分区：
文献类型：
--
作者：
C. Blackorby;William Schworm
我们调查的后果强加的加性社区的喜好。我们发现，有重要的影响，添加剂的社区偏好，而不是由一个单一的消费者的偏好的加性暗示。特别是，我们表明，施加加性社区偏好意味着存在一个具有代表性的消费者的效用函数在CES家庭。我们证明了这些影响的限制性与三个例子。我们对结果的解释是，单一消费者模型无法充分代表多消费者经济的重要特征。
We investigate the consequences of imposing additivity on community preferences. We show that there are important implications of additive community preferences that are not implied by the additivity of a single consumer's preferences. In particular, we show that imposing additivity on community preferences implies the existence of a representative consumer with a utility function in the CES family. We demonstrate the restrictive nature of these implications with three examples. Our interpretation of the results is that single consumer models are unable to adequately represent important features of multi-consumer economies.