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On Intertemporal Preferences in Continuous Time (Classic Reprint): The Case of Certainty: The Case of Certainty (Classic Reprint) - Softcover

Huang, Chi-Fu

 
9781332272976: On Intertemporal Preferences in Continuous Time (Classic Reprint): The Case of Certainty: The Case of Certainty (Classic Reprint)
Softcover
ISBN 10: 1332272975 ISBN 13: 9781332272976
Verlag: Forgotten Books, 2018

Inhaltsangabe

This book explores new topologies for continuous-time consumption models with certainty. Traditional models of this type are not able to represent preferences in a way that is realistic in the context of real-time consumption behavior. This book's topologies rectify this by allowing for preferences like consumption at near-by times to be imperfect substitutes. Consumption can be modeled as both gulps and continuous ingestion, providing a solution to the problem of the 'missing fundamental' in this type of modeling. For economists, this book is an important development in the foundations of economic theory and will provide much needed content for future work on extending this theory to include uncertainty and temporal resolution.

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Verlag
Forgotten Books
Erscheinungsdatum
2018
Sprache
Englisch
ISBN 10 
1332272975
ISBN 13 
9781332272976
Einband
Taschenbuch
Anzahl der Seiten
43
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