Arbeitspapier
Solving consumption models with multiplicative habits
This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 421
- Klassifikation
-
Wirtschaft
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Macroeconomics: Consumption; Saving; Wealth
Economic Growth and Aggregate Productivity: General
- Thema
-
formation
relative consumption
economic growth
representative agent
Mikroökonomische Konsumfunktion
Verhaltensökonomik
Prinzipal-Agent-Theorie
Wirtschaftswachstum
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Carroll, Christopher D.
- Ereignis
-
Veröffentlichung
- (wer)
-
The Johns Hopkins University, Department of Economics
- (wo)
-
Baltimore, MD
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Carroll, Christopher D.
- The Johns Hopkins University, Department of Economics
Entstanden
- 2000
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