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We provide the first estimate of the elasticity of marginal utility of consumption, η, for a post-transition economy in ….42 within the study period that covers 2005-2019. Moreover, the estimate of elasticity of marginal utility of consumption …
Persistent link: https://www.econbiz.de/10012432235
We provide the first estimate of the elasticity of marginal utility of consumption, μ, for Europe and for thirty …
Persistent link: https://www.econbiz.de/10013461083
Persistent link: https://www.econbiz.de/10014436881
, inter alia, Frisch (1959), attempts to give some clarifications and provides elements of a synthesis. The income elasticity …, the wealth elasticity of the marginal utility of wealth, are key concepts. Three cases with additive preferences are …
Persistent link: https://www.econbiz.de/10011636063
I study whether saving behavior reveals socially relevant intertemporal preferences. To this end, I decompose the present generation’s preference for the next into its dynastic and cross-dynastic components in a model of saving. If people are concerned about the next generation as such, then...
Persistent link: https://www.econbiz.de/10013041365
Decisions with long-term consequences require comparing utility derived from present consumption to future welfare. But can we infer socially relevant intertemporal preferences from saving behavior? I allow for a decomposition of the present generation's preference for the next generation into...
Persistent link: https://www.econbiz.de/10012170829
centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …
Persistent link: https://www.econbiz.de/10011455856
forecasted energy prices. Using Danish guidelines as a case study, we explore the discounting assumptions in these input prices …
Persistent link: https://www.econbiz.de/10014383298
numerically just as important in considerations of anthropogenic climate change. The elasticity of the marginal utility with …. -- Social cost of carbon ; climate change ; pure time preference ; risk aversion ; inequity aversion ; income elasticity ; time …
Persistent link: https://www.econbiz.de/10003799702
numerically just as important in considerations of anthropogenic climate change. The elasticity of the marginal utility with …. -- Social cost of carbon ; climate change ; pure time preference ; risk aversion ; inequity aversion ; income elasticity ; time …
Persistent link: https://www.econbiz.de/10003800780