Intertemporal borrowing to sustain exogenous consumption standards under uncertainty

DOI10.1016/0022-0531(84)90041-3zbMath0537.90003OpenAlexW1977115611MaRDI QIDQ792853

Debraj Ray

Publication date: 1984

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(84)90041-3

zbMATH Keywords

consumer behaviorstochastic technologyborrowing rate of interestintertemporal borrowinglending rate

Mathematics Subject Classification ID

Group preferences (91B10)

Related Items (3)

Linear models of economic survival under production uncertainty ⋮ On some aspects of survival under production uncertainty ⋮ Theory of dynamic portfolio for survival under uncertainty

Cites Work

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• Optimal growth and uncertainty: The borrowing models
• A law of large numbers in the theory of consumer's choice under uncertainty
• Invariant Distributions and the Limiting Behavior of Markovian Economic Models

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