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Certainty Equivalence and the Excess Sensitivity of Private Consumption

✍ Scribed by LORENZO POZZI; GRIET MALENGIER


Book ID
109146853
Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
72 KB
Volume
39
Category
Article
ISSN
0022-2879

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## Abstract Preference for food in the function of the time since last consumption and total preference in the function of eating frequency are equivalent mathematical representations of attitudes governing food consumption. The observed and postulated properties of these functions imply a formal c