Recursive extension of a multicommodity analysis

Katsutoshi Wakai

Economic Theory Bulletin, 2015, vol. 3, issue 2, No 13, 285 pages

Abstract: Abstract This paper presents an axiomatic model of recursive preferences, which extends the multicommodity analysis of Kihlstrom and Mirman (J Econ Theory, 8(3): 361–388, 1974) to an infinite-horizon setting.

Keywords: Intertemporal substitution; Recursive preferences; Risk aversion (search for similar items in EconPapers)
JEL-codes: D81 D90 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s40505-014-0058-0

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