Heterogeneity in economics

In economic theory and econometrics, the term heterogeneity refers to differences across the units being studied. For example, a macroeconomic model in which consumers are assumed to differ from one another is said to have heterogeneous agents, which is contrasted with the case of a representative agent model in which all consumers are assumed to be identical.

单词	Unobserved Heterogeneity
释义	Unobserved Heterogeneity 英语百科 Heterogeneity in economics In economic theory and econometrics, the term heterogeneity refers to differences across the units being studied. For example, a macroeconomic model in which consumers are assumed to differ from one another is said to have heterogeneous agents, which is contrasted with the case of a representative agent model in which all consumers are assumed to be identical.
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Unobserved Heterogeneity

Heterogeneity in economics