Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference
نویسندگان
چکیده
منابع مشابه
Consume Now or Later ? Time Inconsistency , Collective Choice and Revealed Preference ∗
This paper develops a revealed preference methodology for exploring whether time inconsistencies in household choice are the product of nonstationarities at the individual level or the result of individual heterogeneity and renegotiation within the collective unit. An empirical application to household-level microdata highlights that an explicit recognition of the collective nature of choice al...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2014
ISSN: 0002-8282
DOI: 10.1257/aer.104.12.4147