Market demand is a continuous function of prices
نویسندگان
چکیده
منابع مشابه
Market Demand Is a Continuous Function of Prices
There is a qualitative difference between individual demand and market demand. This is thoroughly discussed in Mantel (1974) and Shafer and Sonnenschein (1982). While certain structures of individual demand are lost in the process of aggregation others may be gained [cf. Hildenbrand (1982)]. The least that should be expected from aggregation is a continuous market demand function even if indivi...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 1983
ISSN: 0165-1765
DOI: 10.1016/0165-1765(83)90125-8