durable goods. We show that consumers' utility and discount functions in a dynamic discrete choice model are jointly … identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount …

We develop a demographically-based approach for estimating the utility discount rate (UDR) portion of the Ramsey rule …

. We first consider a simple model with utility functions linear in consumption and featuring heterogeneous utility for … incomes. Second, we show how these results can be extended to the case with concave utility for consumption. The same types of … using a new and non standard steady state approach that respects individual preferences even with a fully general utility …

paper, we argue that a stable utility function defined over consumption and leisure can account for this fact, jointly with … displaying balanced growth. The key feature of the utility function is an income effect (of higher wages) that slightly outweighs …

introduces health-dependent utility into a model in which preferences for bequests, expenditures when in need of long-term care …

-separable utility functions …

the current level of consumption. The kinks in the curves imply that the utility function is not differentiable everywhere …