Review paper
Optimal consumption decisions of family networks with similar felicity functions
Abstract
Family networks have increased at an accelerated pace through social networking through social networking services, online platforms, and social media clubs. This paper develops a model of an economy populated by networks of families with similar preferences (the same functional form of the felicity or utility function) but family members differ in their deep parameters (compulsion for consumption and risk tolerance), which, in turn, leads to...
Paper Details
Title
Optimal consumption decisions of family networks with similar felicity functions
Published Date
Jun 24, 2019
Journal
Volume
26
Issue
8
Pages
5703 - 5712
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