Welfare implications of non-unitary time discounting

DOI10.1007/S11238-020-09766-0MaRDI QIDQ2021545zbMATH OpenOpenAlexFDO

Authors Ryoji Ohdoi, Koichi Futagami

Publication date 27 April 2021

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/97346/1/MPRA_paper_97346.pdf

zbMATH Keywords

intertemporal choiceintrapersonal gamenon-unitary time discountingtime inconsistencytime-consistent tax policy

Mathematics Subject Classification ID

Applications of game theory (91A80) Individual preferences (91B08) Welfare economics (91B15)

Recommendations

• Lifecycle consumption and welfare with nonexponential discounting in continuous time
• Equilibrium welfare and government policy with quasi-geometric discounting
• Heterogeneous discounting in economic problems
• Non-hyperbolic discounting and dynamic preference reversal
• Instantaneous Gratification *

Cites work

• Consistent Plans
• Equilibrium welfare and government policy with quasi-geometric discounting
• Golden Eggs and Hyperbolic Discounting
• On a two-sector endogenous growth model with quasi-geometric discounting
• On the Existence of a Consistent Course of Action when Tastes are Changing
• On the neoclassical growth model with non-constant discounting
• Ramsey Meets Laibson in the Neoclassical Growth Model
• Temptation and Self-Control

Cited in

(1)

• Time preference and the welfare effects of tie-in sales

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