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Intertemporal Individual Choices

  • PierCarlo Nicola
Chapter

Abstract

In this chapter let us consider again the individual optimization problem facing an agent, either a consumer or a firm,1 who/which must solve his/her/its decision problem in a dynamic framework. The aim is to study how individual decisions are taken over calendar time, here considered as a discrete variable. Of course, for everybody the future is more or less unknown, and unfolds only as time goes by; but, despite this unavoidable feature, generally, an individual does have some idea about the most likely scenario under which he/she/it must make a best decision.

Keywords

Budget Constraint Credit Line Future Prex Competitive Firm Expectation Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Department of MathematicsUniversity of MilanoMilanoItaly

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