Aggregate Set-utility Fusion for Multi-Demand – Multi-Supply Systems
نویسنده
چکیده
Microeconomic theory develops demand and supply curves to determine the market equilibrium for commodity exchange. The demand and supply functions are the result of consumers utilities and producers production functions for different product combinations. The interaction is a game-theoretic approach to determine the quantity and prices with which goods and services are traded. Economic theory works with the long run equilibrium concept, yet with constant alteration of information, decisions are made in the short run. People, with changing preferences, shift their fusedaggregate utility function for a set of preferences rather than a single commodity. The paper investigates a set-utility function based on a fused perception of the dynamic changes of the corporate supply and consumer demand curves for various products.
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