An Axiomatic Theory of Consumer Time Preference

DOI10.2307/2525488MaRDI QIDQ5736652zbMATH OpenOpenAlexFDO

Authors Kelvin Lancaster

Publication date 1963

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2525488

zbMATH Keywords

operations research

Cited in

(6)

• Risk aversion, impatience, and optimal timing decisions
• Empirical model particularities and belief in the natural rate hypothesis
• A power law type of time preference on intertemporal choices
• A deeper look at hyperbolic discounting
• Discounting axioms imply risk neutrality
• The hyperbolic factor: a measure of time inconsistency

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