Optimal consumption-wealth relationships derived by consumer intertemporal profit maximisation

Russell J. Cooper*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper proposes an artificial intertemporal consumer profit-maximisation problem that is simple to solve. The optimal consumption function, which is consistent with intertemporal utility maximisation, is then generated directly from a specification of the consumer's instantaneous profit function.

Original languageEnglish
Pages (from-to)341-347
Number of pages7
JournalEconomics Letters
Volume50
Issue number3
DOIs
Publication statusPublished - Mar 1996

Keywords

  • Duality
  • Intertemporal consumer profit maximisation

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