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Title:Hildenbrand Distribution Economies as Limiting Empirical Distributions of Random Economies PDF Logo
Authors:Hohnisch, Martin
Issue Date:2003
Series/Report no.:Bonn econ discussion papers 2003,28
Abstract:The present note shows that the concept of a distribution economy (Hildenbrand (1974)) is closely related to a framework of an exchange economy in which the agents? individual characteristics (i.e. preferences and endowments) are random (Hildenbrand (1971), Bhattacharya and Majumdar (1973), Föllmer (1974)). A random exchange economy is fully specified by the distribution of the family of random variables representing the agents? individual characteristics.
Subjects:General Equilibrium Theory
Arrow-Debreu economy
Random Economy
Distribution Economy
Empirical Distribution
JEL:D50
Document Type:Working Paper
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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