why people who are sophisticated but face borrowing constraint would increase consumption when they receive transfer payment?

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Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

ISBN: 978-0078024061

5th edition

Authors: Frederick S. Hillier, Mark S. Hillier

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Posted Date: Jan 29, 2024 05:14 AM

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why people who are sophisticated but face borrowing constraint would increase consumption when they receive transfer payment?

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Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets

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