Myopia and Inconsistency in the Neoclassical Growth Model
收藏NBER1997-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6317
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The neoclassical growth model is modified to allow for a non-constant rate of time" preference. If the household cannot commit future choices of consumption and if utility is" logarithmic, then an equilibrium is found that resembles the standard results of the neoclassical" model. In this solution,
提供机构：
美国国家经济研究局创建时间：
1997-12-01
