Consumption Decisions Under Uncertainty: an Extension

Eric Briys, Georges Dionne () and Louis Eeckhoudt

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: In 1972, Dreze and Modigliani Generalized the Line of Research Initiated by Leland [5] and Sandmo [8] on the Effects of Income Risk on Consumption. They Gave Necessary and Sufficient Conditions for Consumption to Decrease Under Income Risk. However, They Did Not Cover Extensively the Case of Capital Risk Without Perfect Markets. in This Note We Provide Necessary and Sufficient Conditions for Signing the Response of Consumption to a Global Increase in Capital Risk.

Keywords: Consumion; Uncertainty; Catal; Risk (search for similar items in EconPapers)
Pages: 13P. pages
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:8547

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