Lattice-based monotone comparative statics on saving with Selden/Kreps–Porteus preferences

Jianli Wang and Jingyuan Li

Journal of Mathematical Economics, 2016, vol. 65, issue C, 132-138

Abstract: This study examines saving with general Selden/Kreps–Porteus preferences. It shows that lattice-based monotone comparative statics can be used to weaken the existing sufficient conditions in a two-period model with Kreps–Porteus preferences for prudence and for a definitive relationship between risk aversion and the strength of the saving motive. The effects of a change in risk and a change in initial wealth are also examined.

Keywords: Monotone comparative statics; Saving; Selden/Kreps–Porteus preferences; Prudence (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:65:y:2016:i:c:p:132-138

DOI: 10.1016/j.jmateco.2016.06.004

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