標題:Indeterminacy and the properties of the utility function | |
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學年 | 104 |
學期 | 2 |
發表日期 | 2016/07/27 |
作品名稱 | Indeterminacy and the properties of the utility function |
作品名稱(其他語言) | |
著者 | Lee, Shun-Fa; Chen, Been-Lon; Raurich, Xavier |
作品所屬單位 | |
出版者 | |
會議名稱 | 2016 Asia-Pacific Conference on Economics & Finance (APEF 2016) |
會議地點 | East Asia Institute of Management Campus, Ah Hood Road Singapore |
摘要 | This paper studies an infinite-horizon two-sector growth model with sector-specific externalities and preferences that are non-separable between consumption and leisure. We find that a larger income effect of the leisure demand increases the possibility of indeterminacy. We also find that a larger labor supply elasticity may increase or decrease the possibility of indeterminacy, depending on the intensity of the income effect. We show that these findings also hold in a one-sector growth model. |
關鍵字 | Indeterminacy;non-separable preferences;income effect;labor supply elasticity |
語言 | 英文 |
收錄於 | |
會議性質 | 國際 |
校內研討會地點 | 無 |
研討會時間 | 20160727~20160728 |
通訊作者 | |
國別 | 新加坡 |
公開徵稿 | |
出版型式 | |
出處 | 光碟 |
相關連結 | |