Econometrica: Apr, 1967, Volume 35, Issue 2

Intertemporal Utility Functions and the Long-Run Consumption Function

https://doi.org/0012-9682(196704)35:2<356:IUFATL>2.0.CO;2-I
p. 356-361

Earl A. Thompson

This paper asserts and demonstrates an equivalence that exists between the utility function implied by a general form of the standard aggregate consumption function and a subclass of the general class of additive utility functions used in the optimal savings literature.