5 Pages Posted: 21 Jun 2011 Last revised: 11 Aug 2011
Date Written: 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.
Suggested Citation: Suggested Citation
Heineke, John M and Shefrin, Hersh, The Finite Basis Property and Exact Aggregation (1982). Economics Letters, Vol. 9, p. 209, 1982. Available at SSRN: https://ssrn.com/abstract=1865904