Abstract: The problem under consideration is so-called «dimension problem» which is arising sporadically in foreign and Russian economic literatures with respect to production functions (PF) and utility functions (UF), used...
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Abstract: This paper is a continuation of the author’s paper “Economic equilibrium and the aggregation of buyers: the rehabilitation of the Wald’s theorem» (ZhET. 2011. № 3), where the classical...
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Abstract: The traditional scheme of the construction of market demand as the sum of demands of independent classically rational consumers derived from utility maximization leads to the known demand aggregation...
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