Preferences and the Dynamic Representative Consumer
نویسندگان
چکیده
منابع مشابه
Quasi-linear preferences in the macroeconomy: Indeterminacy, heterogeneity and the representative consumer
Weuse aggregation theory to investigate the link between one-consumer andmulti-consumer economies under a quasi-linear class of preferences. Our study is carried out in the context of the neoclassical growthmodel. The quasi-linear preferences considered are additive in consumption and leisure and linear in leisure. We first show that in a homogeneous agents economy, the individual hours worked ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.729025