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    樓主: 54donna
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    [微觀經(jīng)濟(jì)學(xué)模型] [求助]Suppose that people live for two periods [推廣有獎(jiǎng)]

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    Suppose that people live for two periods, working L hours in the first period for which they receive a wage of w dollars per hour, and living in retirement in the the second period. As they do not work during the second period, they provide for their retirement by saving S dollars during the first period and lending it to producers. During their retirement, they receive and spend their entire savings as well as the interest earned at a rate of r% per period.

    People consume only rice, and their tastes are represented by the utility function:

    U=C1.C2

    C1=consumption of rice in the first period

    C2=consumption of rice in the second period

    Derive the demand functions for rice in each period.

    My answer: WL-S=P1C1

    S+r%.S=P2C2

    P1C1+P2C2=WL+S+r%.S

    Using Langange function: P1C1=P2C2=(WL+r%.S)/2

    I feel this must be wrong, since I've already have had WL-S=P1C1,S+r%.S=P2C2

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    關(guān)鍵詞:Suppose Periods period People live 求助 幫忙

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    toddzhao 發(fā)表于 2006-10-27 12:23:00 |只看作者 |壇友微信交流群

    (1) C1=W×L-S

    (2) C2=(1+r)×S

    通過(guò)(1)和(2)把 S 消掉,得到 Intertemporal Budge Constraint(IBC)。

    然后選擇 C1 和 C2 求 U=C1×C2 的極大值,subjected to IBC。

    藤椅
    qweqww 發(fā)表于 2006-10-27 13:19:00 |只看作者 |壇友微信交流群
    把s消去答案就對(duì)了
    板凳
    smarxtking 發(fā)表于 2006-10-27 22:13:00 |只看作者 |壇友微信交流群

    Using Langange function: P1C1=P2C2=(WL+r%.S)/2

    我是這樣理解這個(gè)式子的,也就是說(shuō)在這兩個(gè)時(shí)期,他們的效用是相等的,但如上面三樓的兄弟說(shuō)的那樣,應(yīng)該把"s"消掉,但是這樣做就不考慮通貨膨脹的因素了.

     

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