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Filtering by: Creator Gibson, Nathan L. Degree Field Economics

1. 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:: Dangerous Cake by Nathan L. Atkinson A PROJECT submitted to