Substitution Effects in Intertemporal Problems

We consider a broad class of intertemporal economic problems and we characterize the short and long-run response of the demand for a good to a permanent increase in its market price.Depending on the interplay between self-productivity and time discounting, we show that dynamic substitution effects can generate price elasticities of opposite sign in the short and in the long run

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Year of publication:	2020
Authors:	Dragone, Davide
Other Persons:	Vanin, Paolo (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Substitutionseffekt \| Substitution effect \| Theorie \| Theory \| Intertemporale Entscheidung \| Intertemporal choice \| Arbeitsangebot \| Labour supply \| Preiselastizität \| Price elasticity \| Nachfrage \| Demand \| Bildungsinvestition \| Human capital investment \| Preis \| Price

Extent:	1 Online-Ressource (26 p)
Series:	Quaderni - Working Paper DSE N° 1147
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 5, 2020 erstellt
Other identifiers:	10.2139/ssrn.3596124 [DOI]
Classification:	D11 - Consumer Economics: Theory ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; I00 - Health, Education, and Welfare. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012834657