The American Economic Review, Volume 70,Edições 3-5American Economic Association., 1980 Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association. |
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Página 373
... consumption , so that the term in brackets is always zero when U * is maximized . Let U ** = max U * . Therefore it works out that ( 4 ) I Y - C1 U * = U + λ Σ t = 0 ( 1 + r ) ( 6 ) = Σ t = 0 ( 7 ) au dC , ac , dy Now consider the ...
... consumption , so that the term in brackets is always zero when U * is maximized . Let U ** = max U * . Therefore it works out that ( 4 ) I Y - C1 U * = U + λ Σ t = 0 ( 1 + r ) ( 6 ) = Σ t = 0 ( 7 ) au dC , ac , dy Now consider the ...
Página 377
... consumption falls below the survival level and thereby precludes future consumption . Whether survival is at issue or not , households may prefer relatively even levels of consumption ; the memory of a period of lavish consumption might ...
... consumption falls below the survival level and thereby precludes future consumption . Whether survival is at issue or not , households may prefer relatively even levels of consumption ; the memory of a period of lavish consumption might ...
Página 757
... consumption of the good minus the net outputs of the good by all firms . A program P for the economy consists of a vector of final consumption , a vector of net outputs for all goods for all firms , and a vector of net demands for all ...
... consumption of the good minus the net outputs of the good by all firms . A program P for the economy consists of a vector of final consumption , a vector of net outputs for all goods for all firms , and a vector of net demands for all ...
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adjustment analysis assets assumed assumption average behavior capital coefficient consider constant consumer consumption cost countries curve defined demand depends derived determined developed discussion distribution earnings Econ Economic effect efficient equal equation equilibrium estimates example exchange exist expected Figure firm follows foreign function given growth hold implies important income increase individual industry inflation initial interest International investment labor less marginal maximize mean measure ment monetary Note observed obtained optimal output percent period positive possible preferences present problem production profits quantity ratio reduced regulation relative respect risk saving share social substitution supply Table Theory tion trade unemployment United University utility utility function variables wage welfare workers yields zero