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Mismeasurement of the Elasticity of Intertemporal Substitution:The Role of Limited Stock Market Participation | Semantic Scholar
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SOLVED: Suppose that the individual's lifetime utility is given by: U = u(c) + βu(c') where again the utility from consumption in a given period is given by u(c) = c^(1-σ) / (
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SOLVED: Consider the two-period model of consumption that we described in class. Suppose the per-period utility function takes the following form: U(C) = 1 - 0.2 * sqrt(C) The marginal utility is
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Some notes on intertemporal utility
The Elasticity of Intertemporal Substitution Reconsidered Munich Personal RePEc Archive
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