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Qualitative and temporal aggregation

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: Behavioral assumptions, rational or otherwise, are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. The present paper suggests three non-behavioral axioms as groundwork and applies them to the analysis of qualitative and temporal aggregation in the pure consumption economy. It turns out that the structural axiom set is self-similar with regard to the differentiation of the household- and business sector as well as to the sequencing of time.

Keywords: New framework of concepts; Structure-centric; Axiom set; General equilibrium; Supersymmetry (search for similar items in EconPapers)
JEL-codes: D50 E10 (search for similar items in EconPapers)
Date: 2011-09-12
New Economics Papers: this item is included in nep-hpe
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