Results 211 to 220 of about 1,181 (229)

ON DECREASING MARGINAL IMPATIENCE*

Japanese Economic Review, 2008
One of the most controversial assumptions in endogenous time preference theory is that the degree of impatience is marginally increasing in wealth. We examine the implications of an empirically more relevant specification whereby time preference exhibits decreasing marginal impatience (DMI).
Shinsuke Ikeda
exaly   +2 more sources

Inequality and catching-up under decreasing marginal impatience

Journal of Mathematical Economics, 2020
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Laixun Zhao
exaly   +2 more sources

Decreasing marginal impatience destabilizes multi-country economies

Economic Modelling, 2015
Abstract Despite the empirical evidence that consumers' degree of impatience decreases with wealth, the implication of decreasing marginal impatience (DMI) for general equilibrium dynamics has been insufficiently analyzed. By deriving the stability condition of multi-country equilibrium, we show that DMI is hardly compatible with stability.
Shinsuke Ikeda
exaly   +2 more sources

Decreasing marginal impatience in a two-country world economy

Journal of Economics/ Zeitschrift Fur Nationalokonomie, 2011
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Shinsuke Ikeda, Ikeda Shinsuke
exaly   +3 more sources

On decreasing impatience [PDF]

, 2001
In the theory of endogenous time preference, one of the most common and most controversial assumptions is that the degree of impatience, measured by the rate of time preference, is increasing in wealth. Although this empirically-unjustified assumption often helps ease dynamic analyses by ensuring stability, it has never been discussed why decreasing ...
Hirose, Ken-ichi, Ikeda, Shinsuke
openaire   +2 more sources

Decreasing impatience and the magnitude effect jointly contradict exponential discounting

Journal of Economic Theory, 2009
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jawwad Noor
exaly   +3 more sources

Decreasing and increasing marginal impatience and the terms of trade in an interdependent world economy

Journal of Economic Dynamics and Control, 2012
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Shinsuke Ikeda
exaly   +3 more sources

Decreasing marginal impatience, income distribution and demand for money: Theory and evidence [PDF]

, 2004
This Paper develops a dynamic, theoretical model of demand for money under decreasing marginal impatience (DMI).Given certain conditions, the steady state is shown to be saddle-path stable and unique. It is shown that, under DMI, an increase in income inequality increases the aggregate demand for money.
Satya P. Das, Mausumi Das, Thomas B. Fomby   +2 more
openaire   +1 more source

Optimal growth with decreasing marginal impatience

Journal of Economic Dynamics and Control, 2003
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +1 more source

On Decreasing Marginal Impatience, Stability and Monetary Policy in a Sidrauskian Economy

Metroeconomica, 2017
AbstractThis paper analyzes the long‐run dynamics with which decreasing marginal impatience (DMI) is consistent with a saddle‐path equilibrium in a Sidrauskian economy. With exogenous growth, this occurs with a strong substitutability between capital and money.
openaire   +1 more source