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Two period Model with Uncertainty Given an economy in which all identical consumers have preferences represented by u(C1,c,c7) = ln(c1) +B[TV_ In(c5) + (1 -
Two period Model with Uncertainty Given an economy in which all identical consumers have preferences represented by u(C1,c,c7) = ln(c1) +B[TV_ In(c5) + (1 - T1_) ln(c")], = 0.95, y = 10, y = 8, y2 = 14, nel = 0.5. solve value of s1 and r
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