An alternative axiomatization of intertemporal utility smoothing

Katsutoshi Wakai

Economics Letters, 2013, vol. 119, issue 2, 224-227

Abstract: We propose an alternative axiomatization of the model of intertemporal utility smoothing suggested by Wakai (2008) without introducing auxiliary consumption risk.

Keywords: Discount factor; Utility smoothing; Recursive utility (search for similar items in EconPapers)
JEL-codes: D80 D90 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:119:y:2013:i:2:p:224-227

DOI: 10.1016/j.econlet.2013.02.025

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