A. Deaton, “Saving and Liquidity Constraints,” Econometrica, Vol. 59, No. 5, 1991, pp. 1221-1248. doi:10.2307/2938366
has been cited by the following article:
TITLE: On the Concavity of the Consumption Function with a Quadratic Utility under Liquidity Constraints
AUTHORS: Shin-Ichi Nishiyama, Ryo Kato
KEYWORDS: Consumption Function, Liquidity Constraints
JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.5, December 28, 2012
ABSTRACT: This paper demonstrates the concavity of the consumption function of infinitely living households under liquidity constraints who are not prudent—i.e. with a quadratic utility. The concavity of the consumption function is closely related to the 3-convexity of the value function.