Non-constant discounting in continuous time

DOI10.1016/j.jet.2005.07.006zbMath1142.91668OpenAlexW3125003498MaRDI 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

Applications of optimal control and differential games (49N90) Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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