Matches in DBpedia 2014 for { <http://dbpedia.org/resource/Representative_agent> ?p ?o. }
Showing items 1 to 33 of
33
with 100 items per page.
- Representative_agent abstract "Economists use the term representative agent to refer to the typical decision-maker of a certain type (for example, the typical consumer, or the typical firm). More technically, an economic model is said to have a representative agent if all agents of the same type are identical. Also, economists sometimes say a model has a representative agent when agents differ, but act in such a way that the sum of their choices is mathematically equivalent to the decision of one individual or many identical individuals. This occurs, for example, when preferences are Gorman aggregable. A model that contains many different agents whose choices cannot be aggregated in this way is called a heterogeneous agent model.The notion of the representative agent can be traced back to the late 19th century. Francis Edgeworth (1881) used the term "representative particular", while Alfred Marshall (1890) introduced a "representative firm" in his Principles of Economics. However, after Robert Lucas, Jr.'s critique of econometric policy evaluation spurred the development of microfoundations for macroeconomics, the notion of the representative agent became more prominent and more controversial. Many macroeconomic models today are characterized by an explicitly stated optimization problem of the representative agent, which may be either a consumer or a producer (or, frequently, both types of representative agents are present). The derived individual demand or supply curves are then used as the corresponding aggregate demand or supply curves.".
- Representative_agent wikiPageExternalLink abstract=941126.
- Representative_agent wikiPageExternalLink HSV_AR.pdf.
- Representative_agent wikiPageID "591523".
- Representative_agent wikiPageRevisionID "568798988".
- Representative_agent hasPhotoCollection Representative_agent.
- Representative_agent subject Category:Economics_models.
- Representative_agent subject Category:Economics_terminology.
- Representative_agent type Assistant109815790.
- Representative_agent type CausalAgent100007347.
- Representative_agent type EconomicsModels.
- Representative_agent type LivingThing100004258.
- Representative_agent type Model110324560.
- Representative_agent type Object100002684.
- Representative_agent type Organism100004475.
- Representative_agent type Person100007846.
- Representative_agent type PhysicalEntity100001930.
- Representative_agent type Whole100003553.
- Representative_agent type Worker109632518.
- Representative_agent type YagoLegalActor.
- Representative_agent type YagoLegalActorGeo.
- Representative_agent comment "Economists use the term representative agent to refer to the typical decision-maker of a certain type (for example, the typical consumer, or the typical firm). More technically, an economic model is said to have a representative agent if all agents of the same type are identical.".
- Representative_agent label "Agente rappresentativo".
- Representative_agent label "Representative agent".
- Representative_agent label "代表的個人".
- Representative_agent sameAs Agente_rappresentativo.
- Representative_agent sameAs 代表的個人.
- Representative_agent sameAs m.02t5jz.
- Representative_agent sameAs Q3606438.
- Representative_agent sameAs Q3606438.
- Representative_agent sameAs Representative_agent.
- Representative_agent wasDerivedFrom Representative_agent?oldid=568798988.
- Representative_agent isPrimaryTopicOf Representative_agent.