Representative_agent Representative_agent

Representative agent - Definition and Overview

Related Words: Acting, Advocate, Agent, Alderman, Alternative, Ambassador, Analogy, Antitype, Archetypal, Archetype, Attorney, Backup, Badge, Banner, Case

A Representative agent, or consumer, is one that is identical to everyone else in the economy. Thus, if the representative agent likes apples a certain amount in an economic model, everyone else likes apples the same amount.

See the list of economics topics

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