Can Aggregation Across Goods be Achieved by Neglecting the Problem? Property Inheritance and Aggregation Bias

@inproceedings{Koebel2002CanAA,
  title={Can Aggregation Across Goods be Achieved by Neglecting the Problem? Property Inheritance and Aggregation Bias},
  author={Bertrand M. Koebel},
  year={2002}
}
This article studies the problem of composite commodity in two different frameworks. In one case, aggregation across goods is analyzed for elementary goods that satisfy an optimality condition. The unrestricted case is also examined. The notion of an approximate aggregate representation is formalized and shown to be always possible. Can thereby aggregation issues simply be neglected in economic contributions? I show that the standard economic properties of initial functions are not necessarily… CONTINUE READING