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Aggregation problem

In economics, an aggregate is a summary measure. It replaces a vector that is composed of many real numbers by a single real number, or a scalar. Consequently, there occur various problems that are inherent in the formulations that use aggregated variables.

Overview & Aggregate consumer demand curve

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Overview

Aggregate consumer demand curve

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Aggregation problem

Nodes32
Edges31
Triples27
Avg. degree1.94
Density0.0625
Components1

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Aggregation problem

Top relations

related to References · 25
Aggregation problem → Abstract, Aggregate Preferences, Andrey, Big Pond, Blackburn, Capital, Dictionary, Douglas, Economics, Edition, Fisher, Franklin, Hicks, Individual, Jesus Felipe, John, Small Fish, Stoker, The Case, The New Palgrave
is a · 1
Aggregation problem → problem of finding a valid way to treat an empirical or theoretical aggregate as if it reacted like a less-aggregated measure

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Important terminology

aggregate demand problem aggregation economics individual function theory price consumer income general example good use variables theorem preference pairs says

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Aggregation problemis aproblem of finding a valid way to treat an empirical or theoretical aggregate as if it reacted like a less-aggregated measure0.90text
the law of demand to explain market behaviorinstance ofresults0.80text
Aggregation problemrelated to ReferencesFranklin0.60section
Aggregation problemrelated to ReferencesFisher0.60section
Aggregation problemrelated to ReferencesThe New Palgrave0.60section
Aggregation problemrelated to ReferencesDictionary0.60section
Aggregation problemrelated to ReferencesEconomics0.60section
Aggregation problemrelated to ReferencesJesus Felipe0.60section
Aggregation problemrelated to ReferencesThe New Palgrave Dictionary0.60section
Aggregation problemrelated to ReferencesEdition0.60section
Aggregation problemrelated to ReferencesAbstract0.60section
Aggregation problemrelated to ReferencesJohn0.60section

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