A Note on Consumption and Savings under Knightian Uncertainty

Annals of Economics and Finance, 2004, vol. 5, issue 2, 299-311

Abstract: This paper studies consumption/saving problem under Knightian uncertainty in a two period setting. The multiple-priors utility model is adopted. The effects of income uncertainty and capital uncertainty on optimal savings are analyzed by deriving closed form solutions.

Keywords: Consumption; Savings; Knightion uncertainty (search for similar items in EconPapers)
JEL-codes: D81 D91 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:cuf:journl:y:2004:v:5:i:2:p:299-311

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