Template-Type: ReDIF-Paper 1.0
Author-Name: Jianjun Miao
Author-X-Name-First: Jianjun
Author-X-Name-Last: Miao
Author-Email: maioj@bu.edu
Author-Workplace-Name: Institute for Economic Development, Boston University
Title:  Consumption and Saving under Knightian Uncertainty
Abstract: This paper studies consumption/saving problem under Knightian uncer-
tainty in a two period setting. The multiple-priors utility model is adopted.
The eŽects of income uncertainty and capital uncertainty on optimal savings
are analyzed by deriving closed form solutions.
Length: 15 pages
Creation-Date: 2003-12
Revision-Date: 
Publication-Status: 
File-URL:http://www.bu.edu/econ/ied/dp/papers/dp134Miao.pdf
File-Format: Application/pdf
File-Function: 
Number: dp-134
Classification-JEL: D81, D91
Keywords: 
Handle: RePEc:bos:iedwpr:dp-134