Utility functions, future consumption targets and subsistence thresholds
AbstractIf the consumers risk aversion behavior varies intertemporally and if the risk aversion coefficient on future consumption becomes very large, the consumer tends to aim at a fixed future consumption target. A by-product is a reinterpretation of subsistence theories of consumption.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Microeconomics Working Papers with number 22431.
Date of creation: Jan 2008
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More information through EDIRC
Intertemporal Consumer Choice; theories of consumption; risk aversion coefficient;
Other versions of this item:
- Brishti Guha & Ashok Guha, 2008. "Utility functions, future consumption targets and subsistence thresholds," Economics Bulletin, AccessEcon, vol. 4(30), pages 1-4.
- Brishti Guha & Ashok S. Guha, 2008. "Utility functions, future consumption targets and subsistence thresholds," Working Papers 16-2008, Singapore Management University, School of Economics.
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D10 - Microeconomics - - Household Behavior - - - General
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
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