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Record W2027196271 · doi:10.1561/0700000028

The Economics and Mathematics of Aggregation: Formal Models of Efficient Group Behavior

2009· article· en· W2027196271 on OpenAlexaff
P.-A. Chiappori, Ivar Ekeland

Bibliographic record

VenueFoundations and Trends® in Microeconomics · 2009
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic theories and models
Canadian institutionsUniversity of British Columbia
Fundersnot available
KeywordsGroup (periodic table)Formal groupMathematicsMathematical economicsMathematics educationEconometricsComputer scienceDiscrete mathematicsChemistry

Abstract

fetched live from OpenAlex

The goal of this article is to provide a general characterization of group behavior in a market environment. A crucial feature of our approach is that we do not restrict the form of individual preferences or the nature of individual consumptions; we allow for public as well as private consumption, for intragroup production, and for any type of consumption externalities across group members. Our only assumption is that the group always reaches Pareto efficient decisions. We analyze two main issues. One is testability: what restrictions (if any) on the aggregate demand function characterize the efficient behavior of the group? The second question relates to identifiability; we investigate the conditions under which it is possible to recover the underlying structure — namely, individual preferences, the decision process and the resulting intragroup transfers — from the group’s aggregate behavior. Our approach applies to large (markets) or small (households) groups, with both private and public consumptions, with and without restrictions on trade, with monetary or real endowments. In particular, our approach generalizes the classical analysis of the aggregate demand of a market economy, as pioneered by Gerard Debreu, Ralph Manted and Hugo Sonnenchein; we devote a section of our work to this specific but important case. We show that in all these contexts, aggregation of individual behaviors involves a common mathematical structure, whereby the aggregate demand of the group, considered as a vector field, can be decomposed into a sum of gradients. The proper way to understand this structure, and ultimately to find necessary and sufficient condition for such a decomposition to be possible, is to use tools which were developed about 100 years ago, mainly by the French mathematician Elie Cartan, and which are known now-a-days as exterior differential calculus (EDC). The last section of this article is devoted to an exposition of EDC and contains the proofs of the results in the preceding ones.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.272
Threshold uncertainty score0.617

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.023
GPT teacher head0.229
Teacher spread0.205 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations19
Published2009
Admission routes1
Has abstractyes

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