Esteban, Susanna (contributor); Miyagawa, Eiichi (contributor) - 2003 - [Elektronische Ressource]
to study the problem of taxation. Krusell, Kuru»scu, and Smith (2002) analyze a general-
equilibrium asset pricing model … preferences can be represented by a utility function W
that is deflned over sets of alternatives and given by
W(A) · max
x2A
£U(x)+V(x …. The disutility from
self-control is valued by the best forgone alternative, and therefore maxy2A V(y)¡V(x)
quantifles the …