Showing 1 - 10 of 1,037,255
. We construct a novel consumption-savings model in which a consumer has a well-defined preference ordering over both …
Persistent link: https://www.econbiz.de/10010208579
Persistent link: https://www.econbiz.de/10010187029
Persistent link: https://www.econbiz.de/10010193368
Persistent link: https://www.econbiz.de/10010387474
Persistent link: https://www.econbiz.de/10010470911
. Memorable goods expenditures are 20% the size of nondurable expenditures, but twice as volatile. We then develop a consumption-savings …
Persistent link: https://www.econbiz.de/10012829727
consumption‐savings model with borrowing constraints and income risk that formalizes the notion of memorable goods and …
Persistent link: https://www.econbiz.de/10012316338
. We propose a novel consumption-savings model in which a consumer has a well-defined preference ordering over both …
Persistent link: https://www.econbiz.de/10012459275
Persistent link: https://www.econbiz.de/10012299246
We propose a new category of consumption goods, memorable goods, that generate a flow of utility after consumption. We analyze an otherwise standard consumption model that distinguishes memorable goods from other nondurable goods. Consumers optimally choose lumpy consumption of memorable goods....
Persistent link: https://www.econbiz.de/10012937535