{"title":"On aggregation and its implications for aggregate behaviour","authors":"Jean-Paul Chavas","doi":"10.1016/0035-5054(93)90019-Y","DOIUrl":null,"url":null,"abstract":"<div><p>This paper investigates aggregate behaviour using multiple indexes, assuming that micro behaviour is consistent with economic theory but unrestricted otherwise. The focus is on meanspread characterizations of the distribution of the relevant characteristics across micro units. Special attention is given to price dispersion. A number of testable hypotheses are derived on the properties of aggregate behaviour without assuming the existence of a representative agent.</p></div>","PeriodicalId":101136,"journal":{"name":"Ricerche Economiche","volume":"47 2","pages":"Pages 201-214"},"PeriodicalIF":0.0000,"publicationDate":"1993-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/0035-5054(93)90019-Y","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Ricerche Economiche","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/003550549390019Y","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
Abstract
This paper investigates aggregate behaviour using multiple indexes, assuming that micro behaviour is consistent with economic theory but unrestricted otherwise. The focus is on meanspread characterizations of the distribution of the relevant characteristics across micro units. Special attention is given to price dispersion. A number of testable hypotheses are derived on the properties of aggregate behaviour without assuming the existence of a representative agent.