Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting

DOI10.1016/j.jet.2022.105493zbMath1498.91255OpenAlexW4281615792MaRDI QIDQ2675397

Łukasz Balbus, Łukasz Woźny, Kevin L. Reffett

Publication date: 23 September 2022

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

Full work available at URL: https://doi.org/10.1016/j.jet.2022.105493

zbMATH Keywords

approximationhyperbolic discountingquasi-hyperbolic discountingtime consistencyMarkov equilibriumgeneralized Bellman equation

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Economic dynamics (91B55)

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