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Título : | Comsumption Decisions in an Economy with Heterogeneous Preferences defined by a Bivariate Distribution. |
Autor : | Palafox Roca, Alfredo Omar Venegas Martínez, Francisco |
Palabras clave : | Heterogeneity Consumption Bivariate Distribution |
Fecha de publicación : | 16-abr-2013 |
Editorial : | B. Preissl |
Citación : | Economics Bulletin, Vol. 33, No. 2, abril 16, 2013, pp. 993-1000. |
Resumen : | This paper considers an economy populated by heterogeneous individuals in two respects: both parameters representing the subjective discount and the risk aversion rates are supposed to have a joint distribution. That is, consumers differ in their level of anxiety for present consumption and their risk aversion rate. The utility index is of the negative exponential type. This research provides a closed-form optimal consumption path of the average infinite-lived agent. Finally, some comparative statics experiments are carried out. |
URI : | http://www.repositoriodigital.ipn.mx/handle/123456789/16992 |
ISSN : | 0343-754X 1438-261X |
Aparece en las colecciones: | Artículos |
Ficheros en este ítem:
Fichero | Descripción | Tamaño | Formato | |
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CONSUMPTION DECISIONS IN AN ECONOMY WITH HETEROGENEOUS PREFERENCES.pdf | 221.49 kB | Adobe PDF | Visualizar/Abrir |
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