Savings behavior with imperfect capital markets: when hyperbolic discounting leads to discontinuous strategies

DOI10.1016/J.ECONLET.2012.02.014zbMATH Open1253.91203OpenAlexW2048923125MaRDI QIDQ1925713FDOQ1925713

Authors: Bertrand Wigniolle 

Publication date: 18 December 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-00684210/file/EL.pdf

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zbMATH Keywords

discontinuous strategiesno-borrowing constraintquasi-hyperbolic preferences

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Financial applications of other theories (91G80)

Cites Work

• Golden Eggs and Hyperbolic Discounting
• Savings behavior with imperfect capital markets: when hyperbolic discounting leads to discontinuous strategies

Cited In (11)

• Who saves more, the naive or the sophisticated agent?
• A theory of intermediated investment with hyperbolic discounting investors
• Fertility in the absence of self-control
• General equilibrium and dynamic inconsistency
• Saving and retirement behavior under quasi-hyperbolic discounting
• Saving behavior in stationary equilibrium with random discounting
• On the consumption-saving tradeoff under non-exponential discounting and partial commitment
• Saving and dissaving with hyperbolic discounting
• Can rational individuals keep money under their mattresses forever?
• Savings behavior with imperfect capital markets: when hyperbolic discounting leads to discontinuous strategies
• Aggregate savings under quasi-hyperbolic versus exponential discounting

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