working Paper
Microeconomic foundations of representative agent models by means of ultraproducts
published
Geghard
Bedrosian
author 36956941
Frederik
Herzberg
author
10053
department
This paper applies microeconomic foundations to construct a
\representative agent". Herzberg [12] constructed a representative
utility function for finite-dimensional social decision problems and
since the decision problems of macroeconomic theory are typically
infinite-dimensional, Herzberg's original result is insufficient for many
applications. We therefore generalise his result by allowing the social
alternatives to belong to a general reflexive Banach space and provide
sufficient conditions for our new results to be satisfied in economic
applications.
https://pub.uni-bielefeld.de/download/2901601/2902031/IMW_working_paper_514.pdf
application/x-downloadno
Center for Mathematical Economics2014
eng
Microfoundationrepresentative agentsocial choicereflexive Banach spaceconvex optimisationultrafilterbounded ultrapowernonstandard analysis
0931-6558urn:nbn:de:0070-pub-29016012
51413
Bedrosian, G.; Herzberg, F. (2014): Microeconomic foundations of representative agent models by means of ultraproducts. Bielefeld: Center for Mathematical Economics.
Bedrosian, G., and Herzberg, F. (2014). Microeconomic foundations of representative agent models by means of ultraproducts. <em>Center for Mathematical Economics Working Papers</em>, 514, Bielefeld: Center for Mathematical Economics.
Bedrosian G, Herzberg F (2014) <br /><em>Microeconomic foundations of representative agent models by means of ultraproducts</em>. Center for Mathematical Economics Working Papers; 514.<br />Bielefeld: Center for Mathematical Economics.
<div style="text-indent:-25px; padding-left:25px;padding-bottom:0px;">Bedrosian, G. & Herzberg, F. (2014). <em>Microeconomic foundations of representative agent models by means of ultraproducts</em> (Center for Mathematical Economics Working Papers). Bielefeld: Center for Mathematical Economics.</div>
G. Bedrosian, and F. Herzberg, <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>, Center For Mathematical Economics, Bielefeld, <strong>2014</strong>.
<div style="text-indent:-25px; padding-left:25px;padding-bottom:0px;">Bedrosian, G., & Herzberg, F. (2014). <em>Microeconomic foundations of representative agent models by means of ultraproducts</em> (Center for Mathematical Economics Working Papers, 514). Bielefeld: Center for Mathematical Economics.</div>
Bedrosian, Geghard, and Herzberg, Frederik. <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>. Bielefeld: Center for Mathematical Economics, 2014. Center for Mathematical Economics Working Papers. 514.
Bedrosian G, Herzberg F. <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>. Center for Mathematical Economics Working Papers. Vol 514. Bielefeld: Center for Mathematical Economics; 2014.
<div style="text-indent:-25px; padding-left:25px;padding-bottom:0px;">Bedrosian, Geghard, and Herzberg, Frederik. 2014. <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>. Vol. 514. Center for Mathematical Economics Working Papers. Bielefeld: Center for Mathematical Economics.</div>
G. Bedrosian and F. Herzberg, <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>, Center for Mathematical Economics Working Papers, vol. 514, Bielefeld: Center for Mathematical Economics, 2014.
Bedrosian, G., Herzberg, F.: Microeconomic foundations of representative agent models by means of ultraproducts. Center for Mathematical Economics Working Papers, 514. Center for Mathematical Economics, Bielefeld (2014).
Bedrosian, G., & Herzberg, F., 2014. <em>Microeconomic foundations of representative agent models by means of ultraproducts</em>, Center for Mathematical Economics Working Papers, no.514, Bielefeld: Center for Mathematical Economics.
Bedrosian, G., & Herzberg, F. (2014). <em>Microeconomic foundations of representative agent models by means of ultraproducts</em> (Center for Mathematical Economics Working Papers, 514). Bielefeld: Center for Mathematical Economics.
Bedrosian G, Herzberg F (2014) Center for Mathematical Economics Working Papers; 514.<br />Bielefeld: Center for Mathematical Economics.
29016012016-03-14T15:08:29Z2018-07-24T13:00:58Z