Rational agents might be overweight, underweight, or the physiologically optimal weight

Michael Caputo and Davide Dragone

Economics Letters, 2022, vol. 210, issue C

Abstract: Levy (2002) and Dragone (2009) showed that rational agents tend to become overweight. Their result is shown to be equivalent to an assumption placed on the instantaneous utility function, and their model is shown to admit multiple steady states, including being underweight.

Keywords: Intertemporal consumer choice; Obesity; Optimal control (search for similar items in EconPapers)
JEL-codes: D15 I12 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165176521004560
Full text for ScienceDirect subscribers only

Related works:
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:eee:ecolet:v:210:y:2022:i:c:s0165176521004560

DOI: 10.1016/j.econlet.2021.110210

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().