Representative agent assumption: Difference between revisions
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imported>Nick Gardner (New page: {{subpages}} <!-- Text is transcluded from the Representative agent assumption/Definition subpage-->) |
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Latest revision as of 05:16, 19 April 2010
Representative agent assumption [r]: The assumption that is embodied in some economic models, that all consumption or production decisions are made either by a single agent or by several agents whose preferences are identical. [e]
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