The Effect of an Early Resolution of Uncertainty on Savings

Christian Gollier () and Nicolas Treich

Working Papers from Toulouse - GREMAQ

Abstract: We examine in this paper the effect of an early resolution of uncertainty on savings. We show that this effect is in general ambiguous. We provide necessary and sufficient conditions on the utility function which guarantee that an early resolution of uncertainty reduces current savings for various decision problem under uncertainty.

Keywords: SAVINGS; UNCERTAINTY; RISK; ECONOMETRICS (search for similar items in EconPapers)
JEL-codes: C00 D80 D81 E20 E21 (search for similar items in EconPapers)
Pages: 17 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:96.408

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