A Note on Dynamic Roy’s Identity
Affiliation(s)
Department of Economics, University of Calgary, Calgary, Canada. Department of Economics, Lakehead University, Thunder Bay, Canada.
Department of Economics, University of Calgary, Calgary, Canada. Department of Economics, Lakehead University, Thunder Bay, Canada.
ABSTRACT
We derive two forms of Roy’s identity for a dynamic consumption model. The results are potentially useful in theoretical and empirical studies.
We derive two forms of Roy’s identity for a dynamic consumption model. The results are potentially useful in theoretical and empirical studies.
Cite this paper
Xu, L. and Yu, K. (2014) A Note on Dynamic Roy’s Identity. Theoretical Economics Letters, 4, 513-516. doi: 10.4236/tel.2014.47064.
Xu, L. and Yu, K. (2014) A Note on Dynamic Roy’s Identity. Theoretical Economics Letters, 4, 513-516. doi: 10.4236/tel.2014.47064.
References
[1] Carter, M. (2001) Foundations of Mathematical Economics. The MIT Press, Cambridge. [2] Wickens, M. (2011) Macroeconomic Theory: A Dynamic General Equilibrium Approach. 2nd Edition, Princeton University Press, Princeton.
[1] Carter, M. (2001) Foundations of Mathematical Economics. The MIT Press, Cambridge. [2] Wickens, M. (2011) Macroeconomic Theory: A Dynamic General Equilibrium Approach. 2nd Edition, Princeton University Press, Princeton.