profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities … are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities …

We study the optimal consumption behavior under the set of assumptions associated with the permanent income hypothesis …: quadratic utility function, discount rate equal to the interest rate. We modify the condition that savings be equal to zero at … infinity, and show that the simple linear consumption function is no more the optimal solution of the problem under free …

We extend the classic Merton (1969, 1971) problem that investigates the joint consumption-savings and portfolio … preferences as in Harris and Laibson (2013) and find closed-form solutions for Merton's optimal consumption and portfolio …

profit function rationalizing consumption, labor supply and savings is specified, estimated and used to test commonly … maintained separability hypotheses. Both consumption- labor and time separability are rejected. Cross-price Frisch elasticities … are found not to equal zero and this in turns affects all estimates of consumption, labor supply and saving elasticities. …

practice and on the political one is the issue of consumption and consumer behaviour. As social practice and experience, the … origin and core of consumption is connected to the existence of life itself, consumption being a process linking not only the … this paper we analyse the impact of the personal factors upon the purchasing and consumption behaviour in the town of …

consumption, households in these countries deplete their savings. …This paper adopts the asymmetric error correction technique to investigate the dynamics of household consumption in …

, intertemporal lifecycle consumption optimization problem and the effect of revealing social information on past average consumption … in solving for the optimal consumption path. Instead, we find that the provision of social information on past average … levels of consumption results in a greater deviation of consumption from both the unconditional and the conditionally optimal …

costs of search with its marginal benefit. The consumer can maximize the utility of his consumption-leisure choice with …

We examine the intertemporal optimal consumption and investment problem in a continuous-time economy with a divisible … durable good. Consumption services are assumed to be proportional to the stock of the good held and adjustment of the stock is …

elasticity of substitution in market consumption (IES) and the static elasticity of substitution between home and market … consumption (SES). Understanding this connection is important because there is a large body of empirical evidence suggesting that …