Publication Type
Working Paper
Version
publishedVersion
Publication Date
10-2008
Abstract
If the consumer’s risk aversion behavior varies intertemporally and if the risk aversion coefficient on future consumption becomes very large, the consumer tends to aim at a fixed future consumption target. A by-product is a reinterpretation of subsistence theories of consumption.
Discipline
Behavioral Economics | Economic Theory
Research Areas
Applied Microeconomics
First Page
1
Last Page
4
Publisher
SMU Economics and Statistics Working Paper Series, No. 16-2008
City or Country
Singapore
Citation
GUHA, Ashok and GUHA, Brishti.
Utility Functions, Future Consumption Targets and Subsistence Thresholds. (2008). 1-4.
Available at: https://ink.library.smu.edu.sg/soe_research/1134
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Comments
Published in Economics Bulletin, 2008 November, 4 (30), http://www.accessecon.com/pubs/EB/2008/Volume4/EB-08D90009A.pdf