Economie expérimentale et modèle intertemporel du consommateur
This paper reports the results of an experiment on the intertemporal model of consumer behavior with perfect foresight. A test using the theory of revealed preference show that a significant number of individuals have an inconsistent behavior. However, the average data are consistent with the behavior of a representative consumer. The estimation of the elasticity of intertemporal substitution shows that a rise in the interest rate has an important effect on consumption. Earlier findings using average cohort data are confirmed.
Year of publication: |
1999
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Authors: | Mattei, Aurelio |
Published in: |
Swiss Journal of Economics and Statistics (SJES). - Schweizerische Gesellschaft für Volkswirtschaft und Statistik / Société Suisse d"Économie et de Statistique - SGVS/SSES, ISSN 0303-9692. - Vol. 135.1999, IV, p. 591-605
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Publisher: |
Schweizerische Gesellschaft für Volkswirtschaft und Statistik / Société Suisse d"Économie et de Statistique - SGVS/SSES |
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