Efficiency and equilibrium when preferences are time-inconsistent
DOI10.1016/J.JET.2005.07.004zbMATH Open1142.91641OpenAlexW3022433613MaRDI QIDQ869876FDOQ869876
Thomas Mariotti, Erzo G. J. Luttmer
Publication date: 9 March 2007
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://eprints.lse.ac.uk/19320/1/Efficiency_and_Equilibrium_when_Preferences_are_Time-Inconsistent.pdf
Recommendations
- Efficiency of competitive equilibria in economies with time-dependent preferences
- Time-inconsistent preferences in a general equilibrium model
- Competitive equilibrium when preferences change over time
- Non-existence of competitive equilibria with dynamically inconsistent preferences
- Time preferences and bargaining
Dynamic games (91A25) General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)
Cites Work
- On the Existence of a Consistent Course of Action when Tastes are Changing
- Title not available (Why is that?)
- Dynamic Choices of Hyperbolic Consumers
- Golden Eggs and Hyperbolic Discounting
- Ramsey Meets Laibson in the Neoclassical Growth Model
- Equilibrium welfare and government policy with quasi-geometric discounting
- Efficiency and equilibrium when preferences are time-inconsistent
- The Inefficiency of the Stock Market Equilibrium
Cited In (16)
- Continuous Markov equilibria with quasi-geometric discounting
- A note on time preference and the Tobin effect
- Efficiency and equilibrium when preferences are time-inconsistent
- Competitive equilibrium when preferences change over time
- Time-inconsistent preferences in a general equilibrium model
- Risk aversion and the elasticity of substitution in general dynamic portfolio theory: consistent planning by forward looking, expected utility maximizing investors
- Non-market reopening, time-consistent plans and the structure of intertemporal preferences
- General equilibrium and dynamic inconsistency
- Time-inconsistent preferences and social security: revisited in continuous time
- Durable goods as commitment devices under quasi-hyperbolic discounting
- Efficiency of competitive equilibria in economies with time-dependent preferences
- On the price of commitment assets in a general equilibrium model with credit constraints and tempted consumers
- Non-existence of competitive equilibria with dynamically inconsistent preferences
- Consumption externalities with endogenous time preference
- Why mandate young borrowers to contribute to their retirement accounts?
- Endogenous time preference, investment externalities, and equilibrium indeterminacy
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