Before revision: Representative vs. heterogenous agents An ''' Bold textLucia te pica el culo''' economic model in which all agents of a given type (such as all consumers, or all firms) are assumed to be exactly identical is called a representative agent model.
After revision: Representative vs. heterogenous agents An ''' economic model in which all agents of a given type (such as all consumers, or all firms) are assumed to be exactly identical is called a representative agent model.