Intraday Model of Robinson Crusoe

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Abstract

In this paper we present the intraday model of Robinson Crusoe where total consumption in a day is composed of two parts : consumption in AM (breakfast) and consumption in PM (dinner). We show the intraday fluctuation of consumption in response to various changes in exogenous variables. We also show the possibilities of no breakfast optimum and no dinner optimum as a result of rational behavior of Robinson Crusoe.

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