Generalized quasi-geometric discounting

被引：6
|
作者：
Young, Eric R. [1 ]
机构：
[1] Univ Virginia, Dept Econ, Charlottesville, VA 22904 USA
来源：
ECONOMICS LETTERS | 2007年 / 96卷 / 03期
关键词：
quasi-geometric discounting; time-inconsistent preferences; hyperbolic discounting;
D O I：
10.1016/j.econlet.2007.02.013
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper derives the 'generalized Euler equation' for an agent with multi-period deviations from geometric discounting. The functional equation that describes optimal consumption-savings decisions involves manipulation of future selves and indirect manipulation of more distant selves through intervening selves. (C) 2007 Elsevier B.V. All rights reserved.
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页码：343 / 350
页数：8
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