A consumption model with separability and imperfect decision makers

  1. Gutiérrez Jiménez, José Manuel
Revista:
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ISSN: 1863-8279 1134-5764

Any de publicació: 2007

Volum: 15

Número: 1

Pàgines: 89-102

Tipus: Article

DOI: 10.1007/S11750-007-0004-5 DIALNET GOOGLE SCHOLAR

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Resum

A consumption model is considered, where agents may have a simplified image of reality and a simplified way of reaching decisions. Some rules of behaviour are assumed, considering, in particular, the decision-theoretic ideas of decentralization and price aggregation. The consumers have a price-independent relative income distribution. The existence and unicity of temporary equilibria are investigated