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The finite basis property and exact aggregation |
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| Authors: | J.M. Heineke H.S. Shefrin |
| Affiliation: | University of Santa Clara, Santa Clara, CA 95053, USA |
| Abstract: | 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. |
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