Levy (2002) and Dragone (2009) showed that rational agents tend to become overweight. Their result is shown to be equivalent to an assumption placed on the instantaneous utility function, and their model is shown to admit multiple steady states, including being underweight.
Caputo, M.R., Dragone, D. (2022). Rational agents might be overweight, underweight, or the physiologically optimal weight. ECONOMICS LETTERS, 210(110210), 1-4 [10.1016/j.econlet.2021.110210].
Rational agents might be overweight, underweight, or the physiologically optimal weight
Dragone, Davide
2022
Abstract
Levy (2002) and Dragone (2009) showed that rational agents tend to become overweight. Their result is shown to be equivalent to an assumption placed on the instantaneous utility function, and their model is shown to admit multiple steady states, including being underweight.File in questo prodotto:
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