Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "quasi-hyperbolic discounting"
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Time consistent equilibria in dynamic models with recursive payoffs and behavioral discounting
(2020-11)We prove existence of time consistent equilibria in a wide class of dynamic models with recursive payoffs and generalized discounting involving both behavioral and normative applica-tions. Our generalized Bellman equation ...