Utility functions, future consumption targets and subsistence thresholds

Brishti Guha () and Ashok Guha ()
Additional contact information
Ashok Guha: Indian Statistical Institute, New Delhi

Economics Bulletin, 2008, vol. 4, issue 30, 1-4

Abstract: If the consumer's risk aversion behavior varies intertemporally and if the risk aversion coefficient on future consumption becomes very large, the consumer tends to aim at a fixed future consumption target. A by-product is a reinterpretation of subsistence theories of consumption.

JEL-codes: D9 E2 (search for similar items in EconPapers)
Date: 2008-11-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2008/Volume4/EB-08D90009A.pdf (application/pdf)

Related works:
Working Paper: Utility functions, future consumption targets and subsistence thresholds (2008)
Working Paper: Utility functions, future consumption targets and subsistence thresholds (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-08d90009

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().