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On the concavity of the consumption function with the time varying discount rate
Gong, Liutang; Zhong, Ruquan; Zou, Heng-fu - In: Economics letters 117 (2012) 1, pp. 99-101
Persistent link: https://www.econbiz.de/10009697926
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On the concavity of the consumption function with the time varying discount rate
Gong, Liutang; Zhong, Ruquan; Zou, Heng-fu - In: Economics Letters 117 (2012) 1, pp. 99-101
In this paper, we consider a finite-horizon model with the time-additive utility and the time varying discount rate. With the assumption of the concavity of absolute risk tolerance, the concavity of the consumption function has been proved. This result significantly broadens the conclusion of...
Persistent link: https://www.econbiz.de/10010580543
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On the concavity of the consumption function with the time varying discount rate
Gong, Liutang; Zhong, Ruquan; Zou, Heng-fu - China Economics and Management Academy, Central … - 2012
In this paper, we consider a finite-horizon model with the time-additive utility and the time varying discount rate. With the assumption of the concavity of absolute risk tolerance, the concavity of the consumption function has been proved. This result significantly broadens the conclusion of...
Persistent link: https://www.econbiz.de/10010819287
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Comments on "Dynamics of income distribution"
Gong, Liutang - In: The Canadian journal of economics 36 (2003) 4, pp. 1026-1033
Persistent link: https://www.econbiz.de/10001842000
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Asset prices and hyperbolic discounting
Gong, Liutang; Smith, William; Zou, Heng-fu - In: Annals of economics and finance 8 (2007) 2, pp. 397-414
Persistent link: https://www.econbiz.de/10003714496
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Marshallian time preferences and monetary non-neutrality
Xiaoyong, Cui; Gong, Liutang; Yang, Jianfang; Zou, Heng-fu - In: Economic modelling 25 (2008) 6, pp. 1196-1205
Persistent link: https://www.econbiz.de/10003808201
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Social status, the spirit of capitalism, and the term structure of interest rates in stochastic production economies
Gong, Liutang; Luo, Yulei; Zou, Heng-fu - In: Economic dynamics : theory, games and empirical studies, (pp. 135-156). 2009
Persistent link: https://www.econbiz.de/10003867873
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Health, taxes, and growth
Gong, Liutang; Li, Hongyi; Wang, Dihai; Zou, Heng-fu - In: Annals of economics and finance 11 (2010) 1, pp. 73-94
Persistent link: https://www.econbiz.de/10003993420
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Consumption and risk with hyperbolic discounting
Gong, Liutang; Smith, William; Zou, Heng-fu - In: Economics letters 96 (2007) 2, pp. 153-160
Persistent link: https://www.econbiz.de/10003503832
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A note on entrepreneurial risk, capital market imperfections, and heterogeneity
Luo, Yulei; Gong, Liutang; Zou, Heng-fu - In: Macroeconomic dynamics 14 (2010) 2, pp. 269-284
Persistent link: https://www.econbiz.de/10003980611