The article illustrates how the integration of modern theory of finance and stochastic dynamic macroeconomic analysis … provides a deeper understanding of the link between asset prices and consumption. It shows that this approach gives only a … partial explanation for recent trends in US consumption. Comparing wealth effects in Anglo Saxon countries with continental …

in beer quality has been one of the drivers behind the spectacular growth of beer consumption in several Eastern European … countries. Most remarkable was the growth in the Russian beer market, where beer consumption more than quadrupled over the … improvement in the quality of beer has been an important driver behind rapid growth in beer consumption in Russia. In den letzten …

total life-time amount of consumption is fixed. The problem is studied separately for logarithmic and exponential utility …, and separately for non-myopic and myopic preferences. The sensitivity of utility to the degree of myopia critically …

influence of them on wages. In order to analyze the involvement of government expenses on consumption behavior an utility model …In this article, we will follow the involvement that the government has, through its expenses, on the consumption … behavior. The involvement that the government has in the consumption behavior is made through fees and taxes that are applied …

), the unique optimal strategy of consumption and investment in European claims contingent on that variable is obtained from …

consumer behavior is achieved through two distinct approaches: one of cardinal and the other of ordinal utility. The purpose of …

The social utility to be optimized is a generalized form of a preference depending additively on consumption at the … different dates of the planning period. The optimization b rattrirted to a set of admissible growth paths defined by production-investment-consumption …