A Note on Dynamic Roy’s Identity

Libo Xu, Kam Yu

Department of Economics, Lakehead University, Thunder Bay, Canada.
Department of Economics, University of Calgary, Calgary, Canada.

DOI: 10.4236/tel.[phone]                

Abstract

We derive two forms of Roy’s identity for a dynamic consumption model. The results are potentially useful in theoretical and empirical studies.

Keywords

Roy’s Identity, Inter-Temporal Consumption

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1]	Carter, M. (2001) Foundations of Mathematical Economics. The MIT Press, Cambridge.
[2]	Wickens, M. (2011) Macroeconomic Theory: A Dynamic General Equilibrium Approach. 2nd Edition, Princeton University Press, Princeton.