Market demand: a holistic theory and its verification
نویسندگان
چکیده
The paper presents a revision of the contemporary reductionistic demand theory, replacing studying object, i.e. an individual, with fuzzy collection market buyers, regarded as “statistical ensemble consumers”. new holistic theory formally retains neoclassical reconsidering utility function collective one. A nonparametric verification method is presented, which uses economic (Konus) and formula Fisher indexes. has variational character based on ill-posed problems. Verification carried out simultaneously construction Konus demonstrated example Giffen model.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3963940