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A Note on Dynamic Roy’s Identity
Department of Economics, University of Calgary, Calgary, Canada
Department of Economics, Lakehead University, Thunder Bay, Canada
- 1 Department of Economics, University of Calgary, Calgary, Canada
- 2 Department of Economics, Lakehead University, Thunder Bay, Canada
Theoretical Economics Letters·Volume 04 (2014)·Pages 513–516·Published 29 July 2014·DOI10.4236/tel.2014.47064
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Abstract
We derive two forms of Roy’s identity for a dynamic consumption model. The results are potentially useful in theoretical and empirical studies.
KeywordsRoy’s IdentityInter-Temporal Consumption
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