Endogenous Discount Rate and Elasticity of the Marginal Utility of Consumption

Using an endogenous growth model where the discount rate is a function of consumption, we show that the condition in which the elasticity of the marginal utility of consumption is greater than one ensures, at the same time, the existence of an unique saddle point equilibrium and the maximization of capital and consumption

MoreLess

Year of publication:	2012
Authors:	DiVita, Giuseppe
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Grenznutzentheorie \| Marginalism \| Konsumtheorie \| Consumption theory \| Elastizität \| Elasticity \| Diskontierung \| Discounting \| Soziale Diskontrate \| Social discount rate
Description of contents:	Abstract [papers.ssrn.com]

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Applied Economics Letters, 2012, 19(7):665-669 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 30, 2011 erstellt Volltext nicht verfügbar
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D9 - Intertemporal Choice and Growth ; E13 - Neoclassical
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013114673