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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Riedel, Frank | en |
dc.date.accessioned | 2010-11-29 | - |
dc.date.accessioned | 2011-01-24T10:22:53Z | - |
dc.date.available | 2011-01-24T10:22:53Z | - |
dc.date.issued | 2007 | - |
dc.identifier.pi | urn:nbn:de:hbz:361-13664 | en |
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 |
dc.language.iso | eng | en |
dc.publisher | |aBielefeld University, Institute of Mathematical Economics (IMW) |cBielefeld | en |
dc.relation.ispartofseries | |aWorking Papers |x394 | en |
dc.subject.jel | D91 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Intertemporal consumption choice | en |
dc.subject.keyword | Habit formation | en |
dc.subject.keyword | Non-time separable utility | en |
dc.title | Optimal consumption choice with intolerance for declining standard of living | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 584642342 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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