Substitution effects in intertemporal problems

Davide Dragone, Paolo Vanin

We consider a broad class of intertemporal economic problems and we characterize the short and long-run response of the demand for a good to a permanent increase in its market price. Depending on the interplay between self-productivity and time discounting, we show that dynamic substitution effects can generate price elasticities of opposite sign in the short and in the long run.

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Year of publication:	[2020]
Authors:	Dragone, Davide ; Vanin, Paolo
Publisher:	Bologna, Italy : Alma Mater Studiorum - Università di Bologna, Department of Economics
Subject:	Intertemporal substitution \| Price elasticity \| Tax reforms \| Preiselastizität \| Steuerreform \| Tax reform \| Substitutionselastizität \| Elasticity of substitution \| Substitutionseffekt \| Substitution effect \| Konsumtheorie \| Consumption theory

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Extent:	1 Online-Ressource (circa 26 Seiten) Illustrationen
Series:	Quaderni - working paper DSE / Alma Mater Studiorum - Università di Bologna, Department of Economics. - Bologna : [Verlag nicht ermittelbar], ISSN 2282-6483, ZDB-ID 2125055-8. - Vol. no 1147
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	10.6092/unibo/amsacta/6376 [DOI] hdl:10419/245889 [Handle]
Classification:	D11 - Consumer Economics: Theory ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; I00 - Health, Education, and Welfare. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012219510