Detail Habits and Time Preference   Oleh:  Epstein, Larry G. ; Shouyong, Shi Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 34 no. 1 (1993), page 61-84. Topik: habits; habits; time preference Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper proposes a utility function incorporating both habit formation and an endogenous rate of time preference in a manner consistent with the intuition of Irving Fisher regarding the influence of past consumption on impatience. It is shown that the new specification is tractable and generates new predictions in the context of three model economies : (1) a closed economy with heterogeneous agents, (2) a small open economy with one traded good and one non traded good, and (3) a small open economy with a traded good and domestic money. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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