On the recoverability of intertemporal preferences |
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Authors: | Larry G Epstein |
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Institution: | University of Toronto, Toronto, Canada M5S 1A1 |
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Abstract: | In the absence of futures markets, a consumer's complete set of intertemporal demand functions may not be revealed. Under mild regularity conditions, the multiperiod utility function that generates the observable demand functions is shown to be unique in the class of additively separable and stationary functions. |
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