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Topic: Aggregation of individual demand to total, or market, demand


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In the News (Mon 20 Nov 17)

  
  Aggregation of individual demand to total, or market, demand - Wikipedia, the free encyclopedia
Each person's individual total utility gleaned from purchases depends on the size of his or her budget, but the distribution of wealth (and thus her budget) is a separate (free) variable in the aggregation.
Each person's demand curve is a function of his or her budget, so that if the distribution of wealth changes (by changing the distribution of prices and thus salaries, and so on), all of the individual demand curves change.
Markets cannot be claimed to select an optimum in the sense of the greatest total utility of society; indeed, there is not even general agreement on how total utility should be defined.
en.wikipedia.org /wiki/Aggregation_of_individual_demand_to_total,_or_market,_demand   (431 words)

  
 Aggregation - Wikipedia, the free encyclopedia
Aggregation of individual demand to total, or market, demand, in economics, combining entities into a single entity which represent them.
Schooling, in biology, a collection animals of the same size and body orientation, often cruising in the same direction; applied to fish.
Particle aggregation, in materials science, a physical phenomenon.
en.wikipedia.org /wiki/Aggregation   (202 words)

  
 liberty medical supply - liberty medical supply
The theory of supply and demand is important for some economic schools' understanding of a market economy in that it is an explanation of the mechanism by which many resource allocation decisions are made.
Now assume that individual firms have the ability to alter the quantities supplied and the price they are willing to accept, and consumers have the ability to alter the quantities that they demand and the amount they are willing to pay.
Even with downward-sloping demand curves, it is possible that an increase in income may lead to a decrease in demand for a particular good, probably due to the existence of more attractive alternatives which become affordable: a good with this property is known as an inferior good.
www.medicalgeo.com /Med-Topics-in-the-News-I---L/liberty-medical-supply.html   (4766 words)

  
 Bloomberg.com: Financial Glossary
The market model says that the return on a security depends on the return on the market portfolio and the extent of the security's responsiveness as measured by beta.
Also a market order, but the investor is allowing the floorbroker to use his own discretion as to the exact timing of the execution.
The total shares sold short by NYSE members divided by total short sales, which is used to analyze market expectations and bullish or bearishtrends.
www.bloomberg.com /analysis/glossary/bfglosm.htm   (6445 words)

  
 Microeconomics
Microeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of total production and income among them.
It considers individuals both as suppliers of labour and capital and as the ultimate consumers of the final product.
Microeconomics seeks to analyze the market form or other type of mechanism that establishes relative prices among goods and services and allocates society's resources among their many alternative uses.
www.ebroadcast.com.au /lookup/encyclopedia/mi/Microeconomic.html   (176 words)

  
 Demand Notes   (Site not responding. Last check: 2007-10-22)
Moreover, even if market demand curves could mathematically be rationalized by a utility function; they still cannot be economically rationalized as generating an overall welfare index.
There are several reasons for this #Each person's individual total utility gleaned from purchases depends on the size of her budget, but the distribution of wealth (and thus her budget) is a separate (free) variable in the aggregation.
One is: "The method of this aggregation is typically not discussed at the undergraduate level, but its impossibility entirely invalidates the rest of microeconomic market theory.
www.wwwtln.com /finance/61/demand-notes.html   (1570 words)

  
 THE NATURE OF GOODS IN ISLAMIC POLITICAL ECONOMY AND ISLAMIC ECONOMICS   (Site not responding. Last check: 2007-10-22)
Necessarily then, in the attempt to record market determined values for all prices, neoclassical economics must dissociate market phenomena from social phenomena and treat all goods as hedonic goods for satisfaction of purely economic criteria, either expressed by means of utility or social welfare.
Market exchange is thus influenced both from the consumer and the producer sides and not by the primacy of demand.
This aggregation is taken over the space of intersections of various variables as they interrelate and evolve according to the Shuratic Process now applied to markets and ecology.
islamic-finance.net /islamic-economy/chap20/chap20index.html   (3182 words)

  
 FantasyStocks.com, Stocks, Realtime Quotes, IPO, Fantasy Stocks, Fantasy   (Site not responding. Last check: 2007-10-22)
Market portfolio - A portfolio consisting of all assets available to investors, with each asset held in proportion to its market value relative to the total market value of all assets.
Market segmentation theory or preferred habitat theory - A biased expectations theory that asserts that the shape of the yield curve is determined by the supply of and demand for securities within each maturity sector.
Market value-weighted index - An index of a group of securities computed by calculating a weighted average of the returns on each security in the index, where the weights are proportional to outstanding market value.
www.fantasystocks.com /glossary/termsM.shtml   (7817 words)

  
 [No title]
Taken together, these elements of the model of individual demand provide a unifying framework for measuring the value of cable television services. First, the framework builds individual demand for whatever services are offered from tastes for the underlying objects of consumer utility, the programming provided on those services.
The model of individual demand for cable services is then specified and the aggregation assumptions required to permit its estimation on a cross-section of market-level data are described.
In essence, the knowledge of household preferences required to quantify the value of changes in quality and diversity at the individual level are extended to quantify the value of aggregate quality and diversity. The legitimacy of this practice, of course, rests with the robustness of the underlying assumptions.
www.econ.duke.edu /Papers/Other/Crawford/cableind.doc   (15892 words)

  
 M Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
A stock market tracks the performance of certain stocks by weighting them according to their prices and the number of outstanding shares by a particular formula.
Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution.
The total shares sold short by NYSE members divided by total short sales, which is used to analyze market expectations and bullish or bearish trends.
www.duke.edu /~charvey/Classes/wpg/bfglosm.htm   (7761 words)

  
 The Macroeconomy Static
the summing of individual economic components to obtain totals for the economy as a whole.
aggregate output and employment, supply and demand in the resource market, and wage determination in the resource market.
the ratio of total population to total output.
quizit.swcollege.com /quizit/z_quiz.jsp?quiz_id=491   (307 words)

  
 EyeforTransport - transportation glossary C-D   (Site not responding. Last check: 2007-10-22)
The total weight of cargo, cargo equipment, bunkers, provisions, water, stores and spare parts which a vessel can lift when loaded to her maximum draught as applicable under the circumstances.
The quantity of goods required by the market to be delivered in a particular period or at a specific date.
A contract whereby the ship owner leases his vessel to the charterer for a period of time during which the whole use and management of the vessel passes to the charterer, which involves that the charterer is to pay all expenses for the operation and maintenance of the vessel.
www.eyefortransport.com /glossary/cd.shtml   (6135 words)

  
 Reachlive.net: Micro-payments to hit US$11bn by 2009
While demand is still concentrated in a few hot areas of content development, it is laying the foundation for more rapid and tangible growth.
At present, the total market for micro-payments remains small in comparison to the multi-trillion-dollar consumer payments market.
Fee models for processing micro-payments include: direct-to-bill (mainly seen in mobile telecom); merchant aggregation (where small charges are grouped and submitted as a single transaction); prepaid accounts (pre-funded by a customer); and direct transfer (where a user’s bank or other account is directly accessed to pull necessary funds).
www.reachlive.net /article.asp?id=507   (503 words)

  
 Rentrak - Essential Business Intelligence
On-demand advertising consists of multiple layers of engagement with the customers (not just impressions) all of which must be tracked
The Orders by Hour screen allows a scheduler to look at an aggregate of their programming hour by hour in both table and graphical form.
Individual days can be compared, as well as weekend vs. weekday viewing.
www.rentrak.com /es_ppv.php   (434 words)

  
 INFORMATION ON FISHERIES IN INDIVIDUAL PACIFIC ISLAND COUNTRIES:
The catch from artisanal fisheries is mostly marketed in the four main population centers where local demand for fresh fish is strong and generally exceeds supply.
In 1997, the last year for which total export data is available, total exports recorded in government statistics amounted to $4.9 million, of which "fish" exports were $4.6 million or 94 percent.
Although market preference is for fresh product, frozen fish is readily sold when demand for fresh fish exceeds supply, and salted fish is in steady demand due to taste preference.
www.fao.org /DOCREP/005/AC682E/ac682e06.htm   (17044 words)

  
 Is Market Demand the Lifeblood of Capitalism? > Life and Death   (Site not responding. Last check: 2007-10-22)
Although market dominance is what every company desires, it does come with a unique set of challenges made possible by the capitalist society that created it.
A rigid and unrelenting demand for increased profit growth, in the absence of an accompanying boost in natural revenue, has created a mathematical dilemma that is sending some corporations on acquisition shopping sprees, many on the cost-cutting warpath, and others beyond the boundaries of ethical business behavior.
Those who point to population growth as the savior to the world's demand woes will be disappointed that more consumers aren't being produced, and the rate of population growth is expected to continue to shrink for the balance of the 21st century.
www.informit.com /articles/article.asp?p=170450   (8006 words)

  
 Wall Street & Technology : The Big Picture: Account Aggregation
As individual investors are increasingly being enticed to open accounts online with different brokers offering the lowest transaction fees or the incentive of the month, they are also becoming increasingly confused over how to manage these various accounts.
Several vendors are jumping on this new market niche, called account aggregation, that culls accounts whether through a broker, insurance company, mutual fund company or the like, and allows the individual to get a complete picture of his or her holdings.
Byallaccounts collects passwords and data from the individuals who are customers of their client, and aggregates the data using the customers' personal passwords.
www.wallstreetandtech.com /story/inDepth/WST20000810S0001   (807 words)

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