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Filtering by: Advisor McGough, Bruce Remove constraint Advisor: McGough, Bruce Creator Atkinson, Nathan L. Remove constraint Creator: Atkinson, Nathan L. License All rights reserved Remove constraint License: All rights reserved

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  • Dangerous Cake

    Creator:
    Atkinson, Nathan L.
    Abstract:
    We explore the limitations of the CRRA utility speci cation as applied to cake-eating problems. We construct a set of conditions under which cake- eating problems have no optimal solution. Furthermore, we explore how agents choose their consumption path when an optimization problem has no solution, and suggest a method...
    Resource Type:
    Honors College Thesis
    Full Text:
    Cake. Abstract Approved: Bruce McGough Abstract We explore the limitations of the CRRA utility