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Economie expérimentale et modèle intertemporel du consommateur


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  • Aurelio MATTEI
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    This paper reports the results of an experiment on the intertemporal model of consumer behavior with perfect foresight. A test using the theory of revealed preference show that a significant number of individuals have an inconsistent behavior. However, the average data are consistent with the behavior of a representative consumer. The estimation of the elasticity of intertemporal substitution shows that a rise in the interest rate has an important effect on consumption. Earlier findings using average cohort data are confirmed.

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    Bibliographic Info

    Paper provided by Université de Lausanne, Faculté des HEC, DEEP in its series Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) with number 9813.

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    Length: 23 pages
    Date of creation: Sep 1998
    Date of revision:
    Publication status: Published in Revue Suisse d'Economie politique et Statistique, vol. 135 (4), déc. 1999, pp. 591-605
    Handle: RePEc:lau:crdeep:9813

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    Postal: Université de Lausanne, Faculté des HEC, DEEP, Internef, CH-1015 Lausanne
    Phone: ++41 21 692.33.64
    Fax: ++41 21 692.33.05
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    Related research

    Keywords: consumer theory; experimental economics; revealed preference; intertemporal model; elasticity of intertemporal substitution;

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