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Revisiting, from a Frischian point of view, the relationship between elasticities of intratemporal and intertemporal substitution

Biørn, Erik - 2017

of the marginal utility of income, whose inverse is often called the ‘Frisch parameter’, and its multi-period counterpart …, the wealth elasticity of the marginal utility of wealth, are key concepts. Three cases with additive preferences are …

Persistent link: https://www.econbiz.de/10011636063

Optimal consumption for recursive preferences with local substitution : the case of certainty

Li, Hanwu; Riedel, Frank; Yang, Shuzhen - 2022

We characterize optimal consumption policies in a recursive intertemporal utility framework with local substitution. We …

Persistent link: https://www.econbiz.de/10013445441

Intertemporal two-stage budgeting : implications for consumer demands and consumption

Kim, H. Youn; McLaren, Keith Robert - In: Research in economics 78 (2024) 1, pp. 25-36

Persistent link: https://www.econbiz.de/10014491089

Time for tea: measuring discounting for money and consumption without the utility confound

Abdellaoui, Mohammed; Kemel, Emmanuel; Serwaah-Panin, Amma - 2023

Persistent link: https://www.econbiz.de/10014228377

Time for tea : measuring discounting for money and consumption without the utility confound

Abdellaoui, Mohammed; Kemel, Emmanuel; Serwaah-Panin, Amma - 2023

Persistent link: https://www.econbiz.de/10014233521

Optimal consumption for recursive preferences with local substitution under risk

Li, Hanwu; Riedel, Frank - 2024

We explore intertemporal preferences that are recursive and account for local intertemporal substitution. First, we establish a rigorous foundation for these preferences and analyze their properties. Next, we examine the associated optimal consumption problem, proving the existence and...

Persistent link: https://www.econbiz.de/10015066357

Stochastic intertemporal utility maximization and the consumption function

Cooper, Russel J.; Madan, Dilip B. - 1986

Persistent link: https://www.econbiz.de/10003518761

Approaches to estimating the health state dependence of the utility function

Finkelstein, Amy (contributor); … - 2009

If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of … marginal utility of consumption. Our basic conclusion is that while none of these approaches is a panacea, many offer the … ; marginal utility …

Persistent link: https://www.econbiz.de/10003793984

Approaches to estimating the health state dependence of the ttility function

Finkelstein, Amy (contributor); … - 2009

Persistent link: https://www.econbiz.de/10003809223

Approaches to estimating the health state dependence of the utility function

Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, … - In: The American economic review 99 (2009) 2, pp. 116-121

Persistent link: https://www.econbiz.de/10003852018

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