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Consumption, Commitmants and Preferences for Risk

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NBER2004-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10527
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资源简介:
We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption levels independent of the state. For example, it is cheaper to produce housing services via owner-occupied than rented housing, but the transactions costs associated with the former
提供机构:
美国国家经济研究局
创建时间:
2004-05-01
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