Non-constant discounting in continuous time

DOI10.1016/j.jet.2005.07.006zbMath1142.91668MaRDI QIDQ869885

Publication date: 9 March 2007

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

Full work available at URL: http://ageconsearch.umn.edu/record/25050/files/wp040969.pdf

zbMATH Keywords

non-uniqueness; Pareto efficiency; hyperbolic discounting; observational equivalence; time consistency; Markov equilibria

Mathematics Subject Classification ID

49N90: Applications of optimal control and differential games

91B62: Economic growth models

91B76: Environmental economics (natural resource models, harvesting, pollution, etc.)

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Cites Work