``Hyperbolic discounting: a recursive formulation and an application to economic growth

DOI10.1016/J.ECONLET.2010.08.025MaRDI QIDQ617569zbMATH OpenOpenAlexFDO

Authors Tarek Coury, Chetan Dave

Publication date 21 January 2011

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2010.08.025

zbMATH Keywords

Markov perfect equilibriumeconomic growthhyperbolic discountingquasi-hyperbolic discountingdecreasing impatience

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62)

Recommendations

• Non-hyperbolic time inconsistency
• Dynamic Choices of Hyperbolic Consumers
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Cites work

• Consumption-Savings Decisions with Quasi-Geometric Discounting
• Dynamic Choices of Hyperbolic Consumers
• Generalized quasi-geometric discounting
• Golden Eggs and Hyperbolic Discounting

Cited in

(13)

• ON HYPERBOLIC TIME DISCOUNTING IN EXHAUSTIBLE RESOURCE MODELS: AN APPLICATION TO WORLD OIL RESOURCES
• Hyperbolic discounting and endogenous growth
• Mixing discount functions: implications for collective time preferences
• A new argument in favor of hyperbolic discounting in very long term project appraisal
• Information, inattention, perception, and discounting
• Zero time preference with discounting
• Exponential discounting bias
• Hyperbolic discount curves: a reply to Ainslie
• Two peas in a pod: discounting models as a special case of the VARMAX
• On the neoclassical growth model with non-constant discounting
• Non-constant discounting and \(Ak\)-type growth models
• On variable discounting in dynamic programming: applications to resource extraction and other economic models
• On the role of the rate of time preference in macroeconomics: a survey

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