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Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - In: Journal of Economic Dynamics and Control 35 (2011) 3, pp. 273-281
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...
Persistent link: https://www.econbiz.de/10008864836
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Consumption Paths under Prospect Utility in an Optimal Growth Model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - Department Volkswirtschaftlehre, Universität Bern - 2010
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...
Persistent link: https://www.econbiz.de/10008677247
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Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - 2010
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...
Persistent link: https://www.econbiz.de/10010316035
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Loss aversion at the aggregate level across countries and its relation to economic fundamentals
Foellmi, Reto; Jäggi, Adrian; Rosenblatt-Wisch, Rina - In: Journal of macroeconomics 61 (2019), pp. 1-19
Persistent link: https://www.econbiz.de/10012243247
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Loss aversion at the aggregate level across countries and its relation to economic fundamentals
Foellmi, Reto; Jäggi, Adrian; Rosenblatt-Wisch, Rina - 2018
Persistent link: https://www.econbiz.de/10011794329
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Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - 2010
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...
Persistent link: https://www.econbiz.de/10008760472
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Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - 2010
This paper studies the Cass-Koopmans-Ramsey model of optimal economic growth in the presence of loss aversion and habit formation. The representative agent's preferences for consumption can be gradually varied between the standard constant intertemporal elasticity of substitution (CIES) case and...
Persistent link: https://www.econbiz.de/10008797768
Cover Image
Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - In: Journal of economic dynamics & control 35 (2011) 3, pp. 273-281
Persistent link: https://www.econbiz.de/10009240703
Cover Image
Consumption paths under prospect utility in an optimal growth model
Foellmi, Reto; Rosenblatt-Wisch, Rina; Schenk-Hoppé, … - In: Journal of economic dynamics & control 35 (2011) 3, pp. 273-282
Persistent link: https://www.econbiz.de/10008769076