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Aggregate savings when individual income varies

Flodén, Martin (contributor) - 2005 - [Elektronische Ressource]

This paper examines aggregate savings in a general equilibrium model where infinitely lived households face volatile … when income is constant. This additional capital accumulation has sometimes been interpreted as precautionary savings, but … I demonstrate that it is mostly generated by permanent-income motives. -- equilibrium interest rate ; aggregate savings …

Persistent link: https://www.econbiz.de/10002679474

Budget deficits, stochastic population size and consumption

Becker, Torbjörn - 1995

Persistent link: https://www.econbiz.de/10000920355

Risky taxes, budget balance preserving spreads and precautionary savings

Becker, Torbjörn - 1995

Persistent link: https://www.econbiz.de/10000920367

Bertrand competition with intertemporal demand

Dutta, Prajit K. (contributor); … - 2002 - [Elektronische Ressource], This revision February 15, 2005

In the text-book model of dynamic Bertrand competition, competing firms meet the same demand function every period. This is not a satisfactory model of the demand side if consumers can make intertemporal substitution between periods. Each period then leaves some residual demand to future...