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• W2113450111 abstract "This paper presents the partial analytical solution to a model of periodic consumption that incorporates imperfect capital markets and uncertainty. Our model assumes that consumption decisions occur more frequently than income receipt. We show that the week specific consumption functions can be ordered. At low levels of wealth these functions exhibit a “ushaped”pattern between income receipts. We show analytically that changes in the level of the borrowing constraint affect only the level of consumption function and not the MPC whilst mean preserving changes in uncertainty affect both." @default.
• W2113450111 created "2016-06-24" @default.
• W2113450111 creator A5043447447 @default.
• W2113450111 creator A5060596369 @default.
• W2113450111 date "2003-04-04" @default.
• W2113450111 modified "2023-09-27" @default.
• W2113450111 title "Analytical results for a Model of Periodic Consumption" @default.
• W2113450111 cites W1533188739 @default.
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• W2113450111 doi "https://doi.org/10.22004/ag.econ.269486" @default.
• W2113450111 hasPublicationYear "2003" @default.
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