Incorporating weakly nonseparable preferences into the familiar time-preference model, we emphasize a role of steady …

This paper develops a model of luxury goods by incorporating weakly non-separable, recursive preferences. In a two … accumulation and hence growth. In a two-country economy, the less patient country with stronger quasi-luxury preferences can be …

Incorporating weakly nonseparable preferences into the familiar time-preference model, we emphasize a role of steady …

This paper develops a model of luxury goods by incorporating weakly non-separable, recursive preferences. In a two … accumulation and hence growth. In a two-country economy, the less patient country with stronger quasi-luxury preferences can be …