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单词 elasticity of intertemporal substitution
释义
elasticity of intertemporal substitution

Economics
  • A measure of the willingness of a consumer to move consumption between time periods. The elasticity of intertemporal substitution, εs, is defined by

    εs=(d(ci/cj)ci/cj)/(d(Uci/Ucj)Uci/Ucj)=dln(ci/cj)dln(Uci/Ucj)

    where ci denotes consumption in time period i and Uci is the marginal utility of consumption in period i.


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