Choice over Time

Takashi Hayashi ()
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Takashi Hayashi: University of Glasgow

Chapter Chapter 8 in Microeconomic Theory for the Social Sciences, 2021, pp 111-125 from Springer

Abstract: Abstract Let me repeat that even if goods are materially the same they are treated as different goods when they are to be consumed at different time periods. Here saving is understood as selling current consumption and buying future consumption, and borrowing is understood as buying current consumption and selling future consumption.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3541-0_8

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DOI: 10.1007/978-981-16-3541-0_8

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