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Working Papers, Institute of Mathematical Economics, Universität Bielefeld >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/43777
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Riedel, Frank | | en_US |
| dc.date.accessioned | | 2010-11-29 | | en_US |
| dc.date.accessioned | | 2011-01-24T10:22:53Z | | - |
| dc.date.available | | 2011-01-24T10:22:53Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.pi | | urn:nbn:de:hbz:361-13664 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/43777 | | - |
| dc.description.abstract | | Duesenberry introduced the notion of a ratchet investor who does not tolerate any decline in her consumption rate. We connect the demand behavior of such an agent to the behavior of standard time-additive agents. A ratchet investor demands the running maximum of the optimal plan a conventional time-additive investor with lower initial wealth would choose. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Inst. of Mathematical Economics, IMW Bielefeld | | en_US |
| dc.relation.ispartofseries | | Working papers // Institute of Mathematical Economics 394 | | en_US |
| dc.subject.jel | | D91 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Intertemporal consumption choice | | en_US |
| dc.subject.keyword | | Habit formation | | en_US |
| dc.subject.keyword | | Non-time separable utility | | en_US |
| dc.title | | Optimal consumption choice with intolerance for declining standard of living | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 584642342 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Institute of Mathematical Economics, Universität Bielefeld
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