Article ID Journal Published Year Pages File Type
9549336 Economics Letters 2005 6 Pages PDF
Abstract
This paper proposes an alternative time preference specification to Uzawa preferences. Time preference is modeled as an increasing function of real wealth so that the Tobin Effect and stability rest on optimizing behavior as opposed to counterintuitive preference assumptions.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A note on time preference and the Tobin Effect
Authors
,