Status Effects and Negative Utility Growth
نویسندگان
چکیده
منابع مشابه
Social Status, Non-Expected Utility, Asset Pricing, and Growth
This paper investes testable restrictions on the time-series behavior of consumption and asset returns implied by a representative agent model with the spirit of capitalism in which intertemporal preference is represented by a utility function that generalizes conventional, time-additive, expected utility. In the recursive structure of preference, we examines the implication for consumption, po...
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ژورنال
عنوان ژورنال: The Economic Journal
سال: 2001
ISSN: 0013-0133,1468-0297
DOI: 10.1111/1468-0297.00654