Does utility curvature matter for indeterminacy?

Jinill Kim

doi:10.1016/j.jebo.2005.04.001

Does utility curvature matter for indeterminacy?

Jinill Kim

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

Several recent papers have argued that it is more likely for indeterminacy to occur under a high intertemporal elasticity of substitution in consumption. This paper claims that this property does not generally hold in neoclassical growth models. We illustrate this claim by combining the features of those recent papers.

Original language	English
Pages (from-to)	421-429
Number of pages	9
Journal	Journal of Economic Behavior and Organization
Volume	57
Issue number	4
DOIs	https://doi.org/10.1016/j.jebo.2005.04.001
Publication status	Published - 2005 Aug
Externally published	Yes

Bibliographical note

Copyright:
Copyright 2005 Elsevier B.V., All rights reserved.

Keywords

Indeterminacy
Intertemporal elasticity of substitution in consumption
Utility curvature

ASJC Scopus subject areas

Economics and Econometrics
Organizational Behavior and Human Resource Management

Access to Document

10.1016/j.jebo.2005.04.001

Cite this

@article{91162ddfca9641d8a1676d71b7abdcd9,

title = "Does utility curvature matter for indeterminacy?",

abstract = "Several recent papers have argued that it is more likely for indeterminacy to occur under a high intertemporal elasticity of substitution in consumption. This paper claims that this property does not generally hold in neoclassical growth models. We illustrate this claim by combining the features of those recent papers.",

keywords = "Indeterminacy, Intertemporal elasticity of substitution in consumption, Utility curvature",

author = "Jinill Kim",

year = "2005",

month = aug,

doi = "10.1016/j.jebo.2005.04.001",

language = "English",

volume = "57",

pages = "421--429",

journal = "Journal of Economic Behavior and Organization",

issn = "0167-2681",