文章基本信息

标题：On the Concavity of the Consumption Function with a Quadratic Utility under Liquidity Constraints
本地全文：下载
作者：Shin-Ichi Nishiyama ; Ryo Kato
期刊名称：Theoretical Economics Letters
印刷版ISSN：2162-2078
电子版ISSN：2162-2086
出版年度：2012
卷号：2
期号：5
页码：566-569
DOI：10.4236/tel.2012.25104
出版社：Scientific Research Publishing
摘要：This paper demonstrates the concavity of the consumption function of infinitely living households under liquidity constraints who are not prudent—i.e. with a quadratic utility. The concavity of the consumption function is closely related to the 3-convexity of the value function.
关键词：Consumption Function; Liquidity Constraints