Efficiency of competitive equilibria in economies with time-dependent preferences

DOI10.1016/J.JET.2015.07.003MaRDI QIDQ900429zbMATH OpenOpenAlexFDO

Authors Paweł Dziewulski

Publication date 22 December 2015

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

Full work available at URL https://doi.org/10.1016/j.jet.2015.07.003

zbMATH Keywords

competitive equilibriumhyperbolic discountingfirst fundamental welfare theoremtime-dependent preferences

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54) Welfare economics (91B15)

Recommendations

• Efficiency and equilibrium when preferences are time-inconsistent
• Time-inconsistent preferences in a general equilibrium model
• Competitive equilibrium when preferences change over time
• Efficient and equilibrium allocations with stochastic differential utility
• Existence and efficiency of equilibrium in infinite economies with finite aggregate wealth

Cites work

• Competitive equilibrium when preferences change over time
• Consistent Plans
• Efficiency and equilibrium when preferences are time-inconsistent
• Golden Eggs and Hyperbolic Discounting
• Microeconomic theory
• Non-existence of competitive equilibria with dynamically inconsistent preferences
• On the completeness of complete markets
• Ramsey Meets Laibson in the Neoclassical Growth Model
• Time-inconsistent preferences in a general equilibrium model

Cited in

(13)

• Efficiency and equilibrium when preferences are time-inconsistent
• Competitive equilibrium when preferences change over time
• EFFICIENCY IN DYNAMIC ENTRY GAMES: THE CASE OF QUANTITY COMPETITION
• Time-inconsistent preferences in a general equilibrium model
• General equilibrium and dynamic inconsistency
• An efficient frontier for participating policies in a continuous-time economy
• Impact of the cost of the time resource on efficiency of economic processes
• On the price of commitment assets in a general equilibrium model with credit constraints and tempted consumers
• Efficiency of dynamic quantity competition: A remark on Markovian equilibria
• On Markovian collective choice with heterogeneous quasi-hyperbolic discounting
• Endogenous dynamic efficiency in the intertemporal optimization models of firm behavior
• Classical welfare theorems in economies with the overtaking criterion
• Indeterminacy of intertemporal equilibria under imperfect competition

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