|
|||||
|
|
Imperfect capital markets in empirical life-cycle models |
|
| Authors: | Martin Browning A Leslie Robb |
| Institution: | McMaster University, Hamilton, Ont., Canada L8S 4M4 |
| Abstract: | In the context of Frisch demand functions that have prices and the marginal utility of income as independent variables, we show how to incorporate imperfect capital markets into empirical models. The analysis is for rational agents in an uncertain world. |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ | |