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consumption sets. We only assume that the individually rational utility set is compact and use the demand approach instead of the …
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consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact …
Persistent link: https://www.econbiz.de/10005630651
This paper proposes to explain why there are so many guests in African households and to determine the consequences on individual behaviors. The starting point is the assumption that there exists, in traditional societies, a norm, together with a system of sanctions, which states that within the...
Persistent link: https://www.econbiz.de/10005630671
This paper investigates the stability of households' consumption behaviour in France through a prcedure of …
Persistent link: https://www.econbiz.de/10005630678
We consider a general equilibrium model with a production sector. The consumption sets, the preferences of the …
Persistent link: https://www.econbiz.de/10005630708
problem, when consumption paths display homothetic growth. Is it possible for heterogeneous agents to survive in the course of … techological parameters that a separable representation with an invariant rate of impatience can allow for positive consumption …
Persistent link: https://www.econbiz.de/10005630732