EconPapers    
Economics at your fingertips  
 

Local Disaggregation of Negative Demand and Excess Demand Functions

Pierre Chiappori (), Ivar Ekeland and Martin Browning
Additional contact information
Ivar Ekeland: University of British Columbia

No 2005-09, CAM Working Papers from University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics

Abstract: The literature on the characterization of aggregate excess and market demand has generated three types of results: global, local, or ’at a point’. In this note, we study the relationship between the last two approaches. We prove that within the class of functions satisfying standard conditions and whose Jacobian matrix is negative semi-definite, only n/2 + 1 agents are needed for the ’at’ decomposition. We ask whether, within the same class, the ’around’ decomposition also requires only n/2 + 1 agents.

Keywords: aggregation; market demand functions (search for similar items in EconPapers)
JEL-codes: D51 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2005-05
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.econ.ku.dk/cam/wp0910/wp0406/2005-09.pdf/ (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.econ.ku.dk/cam/wp0910/wp0406/2005-09.pdf/ [301 Moved Permanently]--> https://www.econ.ku.dk/cam/wp0910/wp0406/2005-09.pdf/)

Related works:
Journal Article: Local disaggregation of negative demand and excess demand functions (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kud:kuieca:2005_09

Access Statistics for this paper

More papers in CAM Working Papers from University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics �ster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Hoffmann ().

 
Page updated 2022-01-15
Handle: RePEc:kud:kuieca:2005_09