Overview

elasticity of intertemporal substitution


Show Summary Details

Quick Reference

A measure of the willingness of a consumer to move consumption between time periods. The elasticity of intertemporal substitution, εs, is defined bywhere ci denotes consumption in time period i and Uci is the marginal utility of consumption in period i.

Subjects: Economics.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.