Quaas, Martin F.; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2019
We characterize intertemporal utility functions over heterogeneous goods that feature (i) a constant elasticity of substitution between goods at each point in time and (ii) a constant intertemporal elasticity of substitution for at least one of the goods. We find that a standard (stationary)...