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Demand theory without a utility index

McKenzie, Lionel W. - In: Equilibrium, trade, and growth : selected papers of …, (pp. 95-100). 2009

Persistent link: https://www.econbiz.de/10003852393

Consumer behavior in a monetary economy and smoothing of composite consumption

Hayakawa, Hiroaki - In: Eurasian economic review : a journal in applied … 10 (2020) 1, pp. 89-122

Persistent link: https://www.econbiz.de/10012224443

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

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