ANTICIPATED FUTURE CONSUMPTION IN AN ENDOGENOUS GROWTH MODEL
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DOI: 10.1017/s136510052000053x
Abstract: We devise an endogenous growth model in which agents’ utility depends not only on current consumption but also on the pleasure of anticipated future consumption. We consider the case in which agents derive satisfaction from… read more here.
Keywords: anticipated future; endogenous growth; future consumption; growth model ... See more keywords