Rising idebtedness and temptation: a welfare analysis

DOI10.3982/QE87zbMATH Open1418.91291MaRDI QIDQ4559976FDOQ4559976

Authors: Makoto Nakajima 

Publication date: 4 December 2018

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

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zbMATH Keywords

heterogeneous agentsgeneral equilibriumhyperbolic discountingself-controltemptationoverborrowing

Mathematics Subject Classification ID

General equilibrium theory (91B50) Heterogeneous agent models (91B69)

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• On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty
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