關鍵字查詢 | 類別:會議論文 | | 關鍵字:Indeterminacy and the properties of the utility function

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序號 學年期 教師動態
1 104/2 產經系 李順發 副教授 會議論文 發佈 Indeterminacy and the properties of the utility function , [104-2] :Indeterminacy and the properties of the utility function會議論文Indeterminacy and the properties of the utility functionLee, Shun-Fa; Chen, Been-Lon; Raurich, XavierIndeterminacy;non-separable preferences;income effect;labor supply elasticity光碟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.en國際無20160727~20160728否SGP2016 Asia-Pacific Conference on Economics & Finance (APEF 2016)East Asia Institute of Management Campus, Ah Hood Road Singapore
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