Chateauneuf, Alain; Lakhnati, Ghizlane; Langlais, Eric - Maison des Sciences Économiques, Université Paris 1 … - 2005
In this paper, we deal with the basic two-period consumption saving problem where the first and second period consumption utility, respectively v is assumed to be concave as usually. Considering the usual assumption of identify of u and v, we show that prudence is fully characterized by the...
