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

DOI10.1016/J.ECONLET.2010.08.025zbMATH Open1203.91174OpenAlexW1965596537MaRDI QIDQ617569FDOQ617569

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

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zbMATH Keywords

Markov perfect equilibriumeconomic growthhyperbolic discountingquasi-hyperbolic discountingdecreasing impatience

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (13)

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

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