All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Ralf Wilke
 
''The effect of aggregation on the magnitude of behavioral heterogeneity.''
( 2003, Vol. 4 No.25 )
 
 
Recent literature has shown that the magnitude of behavioral heterogeneity of a population has an impact on the structure of mean demand. This paper investigates the effect of aggregation on the magnitude of behavioral heterogeneity if we aggregate disjoint subpopulations. Using the Hildenbrand and Kneip (1999) framework of behavioral heterogeneity, we show: (i) aggregation cannot decrease the degree of behavioral heterogeneity (ii) conditions under which aggregation increases the degree of behavioral heterogeneity are derived (iii) aggregation weakly increases the degree of behavioral heterogeneity.
 
 
Keywords:
JEL: D0 - Microeconomics: General
 
Manuscript Received : May 16 2003 Manuscript Accepted : May 16 2003

  This abstract has been downloaded 802 times                The Full PDF of this paper has been downloaded 87710 times