Econometrica: Apr 1967, Volume 35, Issue 2
Intertemporal Utility Functions and the Long-Run Consumption Function
https://doi.org/0012-9682(196704)35:2<356:IUFATL>2.0.CO;2-I
p.
356-361
Earl A. Thompson
This paper asserts and demonstrates an equivalence that exists between the utility function implied by a general form of the standard aggregate consumption function and a subclass of the general class of additive utility functions used in the optimal savings literature.Log In To View Full Content