Non-existence of competitive equilibria with dynamically inconsistent preferences

DOI10.1007/S00199-011-0623-9zbMath1282.91195OpenAlexW1995925678MaRDI QIDQ1941976

Tommaso Gabrieli, Sayantan Ghosal

Publication date: 25 March 2013

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://ageconsearch.umn.edu/record/271300/files/twerp_900.pdf

zbMATH Keywords

existencecompetitive equilibriumnon-convexitysatiationdynamically inconsistent preferences

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (5)

Doing it now, later, or never ⋮ On the price of commitment assets in a general equilibrium model with credit constraints and tempted consumers ⋮ Durable goods as commitment devices under quasi-hyperbolic discounting ⋮ Efficiency of competitive equilibria in economies with time-dependent preferences ⋮ Optimal consumption with time-inconsistent preferences

Cites Work

• Competitive equilibrium when preferences change over time
• Time-inconsistent preferences in a general equilibrium model
• The recursive approach to time inconsistency
• Efficiency and equilibrium when preferences are time-inconsistent
• On the completeness of complete markets
• Psychological Expected Utility Theory and Anticipatory Feelings
• Consistent Plans
• Golden Eggs and Hyperbolic Discounting
• Dynamic Choices of Hyperbolic Consumers
• Ramsey Meets Laibson in the Neoclassical Growth Model
• Consistent Intertemporal Decision Making
• On the Existence of a Consistent Course of Action when Tastes are Changing
• Additive Preferences

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