教師資料查詢 | 類別: 會議論文 | 教師: 李順發 Shun-fa Lee (瀏覽個人網頁)

標題:Indeterminacy and the properties of the utility function
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
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
Google+ 推薦功能,讓全世界都能看到您的推薦!