Hyperbolic discounting and secondary markets.

DOI10.1016/S0899-8256(03)00018-6MaRDI QIDQ1408642zbMATH OpenFDO

Authors Volker Nocke, Martin Peitz

Publication date 25 September 2003

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0899-8256(03)00018-6

zbMATH Keywords

Consumer commitmentDurable goodIntrapersonal gameTime inconsistency

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26) Consumer behavior, demand theory (91B42)

Recommendations

• Dynamic Choices of Hyperbolic Consumers
• General equilibrium tax policy with hyperbolic consumers
• Stationary Equilibrium in a Market for Durable Assets
• Golden Eggs and Hyperbolic Discounting
• Existence of stationary equilibrium in the markets for new and used durable goods

Cites work

• A Non-cooperative Equilibrium for Supergames
• Choice and procrastination
• Dynamic Choices of Hyperbolic Consumers
• Foundations of dynamic monopoly and the Coase conjecture
• Golden Eggs and Hyperbolic Discounting
• Hyperbolic discounting and secondary markets.
• Incentives for Procrastinators
• Self-Confidence and Personal Motivation
• Self-Control and the Theory of Consumption
• Strategic Ignorance as a Self-Disciplining Device
• Temptation and Self-Control
• The Folk Theorem in Repeated Games with Discounting or with Incomplete Information

Cited in

(5)

• Hyperbolic discounting and secondary markets.
• A theory of intermediated investment with hyperbolic discounting investors
• Performance of procrastinators: On the value of deadlines
• Durable goods as commitment devices under quasi-hyperbolic discounting
• Intertemporal price discrimination with time-inconsistent consumers

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