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- Aggregation_problem abstract "An aggregate in economics is a summary measure describing a market or economy. The aggregation problem refers to the difficulty of treating an empirical or theoretical aggregate as if it reacted like a less-aggregated measure, say, about behavior of an individual agent as described in general microeconomic theory. Examples of aggregates in micro- and macroeconomics relative to less aggregated counterparts are: Food vs. apples Price level and real GDP vs. the price and quantity of apples Capital stock vs. the value of computers of a certain type and the value of steam shovels Money supply vs. paper currency General unemployment rate vs. the unemployment rate of civil engineersStandard theory uses simple assumptions to derive general, and commonly accepted, results such as the law of demand to explain market behavior. An example is the abstraction of a composite good. It considers the price of one good changing proportionately to the composite good, that is, all other goods. If this assumption is violated and the agents are subject to aggregated utility functions, restrictions on the latter are necessary to yield the law of demand. The aggregation problem emphasizes: How broad such restrictions are in microeconomics Use of broad factor inputs ("labor" and "capital"), real "output", and "investment", as if there was only a single such aggregate is without a solid foundation for rigorously deriving analytical results.Franklin Fisher notes that this has not dissuaded macroeconomists from continuing to use such concepts.".
- Aggregation_problem wikiPageExternalLink abstract=941126.
- Aggregation_problem wikiPageExternalLink article?id=pde2008_A000059&q=aggregation%20(production)&topicid=&result_number=1.
- Aggregation_problem wikiPageExternalLink article?id=pde2008_A000234&q=aggregation&topicid=&result_number=2.
- Aggregation_problem wikiPageExternalLink article?id=pde2008_A000247&q=aggregation&topicid=&result_number=4.
- Aggregation_problem wikiPageID "8529463".
- Aggregation_problem wikiPageLength "7601".
- Aggregation_problem wikiPageOutDegree "47".
- Aggregation_problem wikiPageRevisionID "681780911".
- Aggregation_problem wikiPageWikiLink Adam_Smith.
- Aggregation_problem wikiPageWikiLink Agent_(economics).
- Aggregation_problem wikiPageWikiLink Aggregate_behavior.
- Aggregation_problem wikiPageWikiLink Aggregate_demand.
- Aggregation_problem wikiPageWikiLink Aggregate_supply.
- Aggregation_problem wikiPageWikiLink Cambridge_capital_controversy.
- Aggregation_problem wikiPageWikiLink Capital_stock.
- Aggregation_problem wikiPageWikiLink Category:Economics_terminology.
- Aggregation_problem wikiPageWikiLink Category:Macroeconomic_aggregates.
- Aggregation_problem wikiPageWikiLink Category:Mathematical_economics.
- Aggregation_problem wikiPageWikiLink Category:Microeconomics.
- Aggregation_problem wikiPageWikiLink Category:Underlying_principles_of_microeconomic_behavior.
- Aggregation_problem wikiPageWikiLink Ceteris_paribus.
- Aggregation_problem wikiPageWikiLink Composite_good.
- Aggregation_problem wikiPageWikiLink Consumer_choice.
- Aggregation_problem wikiPageWikiLink David_M._Kreps.
- Aggregation_problem wikiPageWikiLink Demand_curve.
- Aggregation_problem wikiPageWikiLink Distribution_of_income.
- Aggregation_problem wikiPageWikiLink Economics.
- Aggregation_problem wikiPageWikiLink Empirical.
- Aggregation_problem wikiPageWikiLink Empirical_evidence.
- Aggregation_problem wikiPageWikiLink Franklin_Fisher.
- Aggregation_problem wikiPageWikiLink Franklin_M._Fisher.
- Aggregation_problem wikiPageWikiLink Hal_Varian.
- Aggregation_problem wikiPageWikiLink Homothetic_preferences.
- Aggregation_problem wikiPageWikiLink Income_distribution.
- Aggregation_problem wikiPageWikiLink Invisible_hand.
- Aggregation_problem wikiPageWikiLink John_Hicks.
- Aggregation_problem wikiPageWikiLink Law_of_demand.
- Aggregation_problem wikiPageWikiLink Macroeconomics.
- Aggregation_problem wikiPageWikiLink Methodological_individualism.
- Aggregation_problem wikiPageWikiLink Microeconomic_theory.
- Aggregation_problem wikiPageWikiLink Microeconomics.
- Aggregation_problem wikiPageWikiLink Money_supply.
- Aggregation_problem wikiPageWikiLink Neoclassical_economics.
- Aggregation_problem wikiPageWikiLink Price_index.
- Aggregation_problem wikiPageWikiLink Price_level.
- Aggregation_problem wikiPageWikiLink Real_GDP.
- Aggregation_problem wikiPageWikiLink Real_gross_domestic_product.
- Aggregation_problem wikiPageWikiLink Relative_price.
- Aggregation_problem wikiPageWikiLink Representative_agent.
- Aggregation_problem wikiPageWikiLink Social_choice_theory.
- Aggregation_problem wikiPageWikiLink Steam_shovel.
- Aggregation_problem wikiPageWikiLink Steve_Keen.
- Aggregation_problem wikiPageWikiLink Stock.
- Aggregation_problem wikiPageWikiLink The_New_Palgrave:_A_Dictionary_of_Economics.
- Aggregation_problem wikiPageWikiLink The_New_Palgrave_Dictionary_of_Economics.
- Aggregation_problem wikiPageWikiLink Unemployment.
- Aggregation_problem wikiPageWikiLink Unemployment_rate.
- Aggregation_problem wikiPageWikiLink Utility.
- Aggregation_problem wikiPageWikiLink Utility_function.
- Aggregation_problem wikiPageWikiLink Value_and_Capital.
- Aggregation_problem wikiPageWikiLink Werner_Hildenbrand.
- Aggregation_problem wikiPageWikiLinkText "Aggregation problem".
- Aggregation_problem wikiPageWikiLinkText "aggregate".
- Aggregation_problem wikiPageWikiLinkText "aggregates".
- Aggregation_problem wikiPageWikiLinkText "aggregation problem".
- Aggregation_problem wikiPageWikiLinkText "aggregation".
- Aggregation_problem wikiPageWikiLinkText "preference aggregation".
- Aggregation_problem hasPhotoCollection Aggregation_problem.
- Aggregation_problem wikiPageUsesTemplate Template:Colbegin.
- Aggregation_problem wikiPageUsesTemplate Template:Colend.
- Aggregation_problem wikiPageUsesTemplate Template:Microeconomics.
- Aggregation_problem wikiPageUsesTemplate Template:More_footnotes.
- Aggregation_problem wikiPageUsesTemplate Template:Reflist.
- Aggregation_problem subject Category:Economics_terminology.
- Aggregation_problem subject Category:Macroeconomic_aggregates.
- Aggregation_problem subject Category:Mathematical_economics.
- Aggregation_problem subject Category:Microeconomics.
- Aggregation_problem subject Category:Underlying_principles_of_microeconomic_behavior.
- Aggregation_problem hypernym Measure.
- Aggregation_problem type Article.
- Aggregation_problem type Work.
- Aggregation_problem type Article.
- Aggregation_problem type Microeconomic.
- Aggregation_problem comment "An aggregate in economics is a summary measure describing a market or economy. The aggregation problem refers to the difficulty of treating an empirical or theoretical aggregate as if it reacted like a less-aggregated measure, say, about behavior of an individual agent as described in general microeconomic theory. Examples of aggregates in micro- and macroeconomics relative to less aggregated counterparts are: Food vs. apples Price level and real GDP vs.".
- Aggregation_problem label "Aggregation problem".
- Aggregation_problem sameAs Aggregationsproblem.
- Aggregation_problem sameAs Agregado_(economia).
- Aggregation_problem sameAs m.0276s25.
- Aggregation_problem sameAs Q4692266.
- Aggregation_problem sameAs Q4692266.
- Aggregation_problem wasDerivedFrom Aggregation_problem?oldid=681780911.
- Aggregation_problem isPrimaryTopicOf Aggregation_problem.