EXACT AGGREGATION UNDER SUMMABILITY AND HOMOGENEITY WITH INDIVIDUALLYVARIABLE PRICES

Authors
LAU LJ WU HM
Citation
Lj. Lau et Hm. Wu, EXACT AGGREGATION UNDER SUMMABILITY AND HOMOGENEITY WITH INDIVIDUALLYVARIABLE PRICES, Economics letters, 50(3), 1996, pp. 329-335
Citations number
8
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
50
Issue
3
Year of publication
1996
Pages
329 - 335
Database
ISI
SICI code
0165-1765(1996)50:3<329:EAUSAH>2.0.ZU;2-V
Abstract
Exact aggregation of a system of individual expenditure functions with a single, individually variable price is analyzed. It is shown, under summability and homogeneity, that the individual and aggregate expend iture functions must take one of two specific functional forms.