Re: utility function

Posted by Monika on Sep 22, 2011; 11:14am
URL: http://discussion-forum.276.s1.nabble.com/utility-function-tp6815051p6819758.html

k receives no income in period 1 and earns M in period 2. she can borrow ar r. more she consumes in 1st period, less utlility she derives in 2nd period. derive the utility function.