The Finite Basis Property and Exact Aggregation
Santa Clara University - Leavey School of Business
Santa Clara University - Leavey School of Business; National Bureau of Economic Research (NBER)
Economics Letters, Vol. 9, p. 209, 1982
An individual demand function is said to satisfy the finite basis property when its set of Engel curves has a finite spanning subset. In the present letter we discuss why this property underlies the theory of exact aggregation.
Number of Pages in PDF File: 5Accepted Paper Series
Date posted: June 21, 2011 ; Last revised: August 11, 2011
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