Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Sep, 1975, Volume 43, Issue 5

A Disaggregate Analysis of Consumer Choice under Uncertainty

https://www.jstor.org/stable/1911331
p. 877-892

L. Epstein

The standard two-period consumer choice problem, where current consumption must be decided upon subject to uncertainty about future income and prices is considered in this paper. Previous analyses have been limited to an economy where either there is only one commodity or consumer preferences have a restrictive form. The primary objective of this paper is to generalize these analyses so that these limitations are eliminated. This is accomplished by applying the theory of duality.


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