=+B. Now suppose that tastes over consumption now, c1 , and consumption in the future, c2 ,
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=+B. Now suppose that tastes over consumption now, c1
, and consumption in the future, c2
, can be represented by the Constant Elasticity of Substitution utility function u1c1
,c2 2 5 1c1 2r 1 c2 2r 2 21/r
.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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