Relative consumption with multiple reference points under uncertainty
نویسندگان
چکیده
منابع مشابه
Optimal Consumption under Income Uncertainty
A number of authors have examined the problem of the individual’s choice of optimal consumption strategy when faced with income uncertainty, and several important general results have been obtained. [For a partial survey see Hey (1979)]. However, the existence of a significant special case appears to have gone unnoticed. As we demonstrate below, this special case has several interesting propert...
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ژورنال
عنوان ژورنال: Economics & Sociology
سال: 2020
ISSN: 2071-789X,2306-3459
DOI: 10.14254/2071-789x.2020/13-4/4