Haagsma, Rein - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-46, pp. 1-31
This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player's payoff depends on her present and future consumption and her rank in the present consumption distribution. The setting is a pooling...