Consumption and Saving under Knightian Uncertainty

Jianjun Miao

No dp-134, Boston University - Department of Economics - The Institute for Economic Development Working Papers Series from Boston University - Department of Economics

Abstract: This paper studies consumption/saving problem under Knightian uncer- tainty in a two period setting. The multiple-priors utility model is adopted. The e®ects of income uncertainty and capital uncertainty on optimal savings are analyzed by deriving closed form solutions.

JEL-codes: D81 D91 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2003-12
New Economics Papers: this item is included in nep-mic and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.bu.edu/econ/ied/dp/papers/dp134Miao.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.bu.edu/econ/ied/dp/papers/dp134Miao.pdf [301 Moved Permanently]--> https://www.bu.edu/econ/ied/dp/papers/dp134Miao.pdf)

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:bos:iedwpr:dp-134

Access Statistics for this paper

More papers in Boston University - Department of Economics - The Institute for Economic Development Working Papers Series from Boston University - Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Program Coordinator ().