Showing 1 - 6 of 6
The discounting of future felicity flows transposes to the intertemporal optimization context the assumption of interest-bearing wealth or savings. The validity of the hypothesis has been challenged by several empirical (ir)regularities and by the theoretical implications for human decision...
Persistent link: https://www.econbiz.de/10011496053
The contemporary version of the dynamic Ramsey problem omits expectations of a household’s initial lump-sum wealth taxation due to policy revision; therefore, the attainable resource allocation set in this problem is ill-defined. This omission leads to misleading conclusions about the optimal...
Persistent link: https://www.econbiz.de/10011496067
The discounting of future felicity flows transposes to the intertemporal optimization context the assumption of interest-bearing wealth or savings. The validity of the hypothesis has been challenged by several empirical (ir)regularities and by the theoretical implications for human decision...
Persistent link: https://www.econbiz.de/10009492742
On Simple Conditions for Mixed Equilibria in Dualistic Models. Part I: Degree of Mobility
Persistent link: https://www.econbiz.de/10009492743
On Simple Conditions for Mixed Equilibria in Dualistic Models. Part II: Degree of Coverage
Persistent link: https://www.econbiz.de/10009492744
The contemporary version of the dynamic Ramsey problem omits expectations of a household’s initial lump-sum wealth taxation due to policy revision; therefore, the attainable resource allocation set in this problem is ill-defined. This omission leads to misleading conclusions about the optimal...
Persistent link: https://www.econbiz.de/10005622637