Results 11 to 20 of about 14,430 (280)
The Porter Hypothesis and Hyperbolic Discounting [PDF]
Economics Bulletin, 2010 We examine pollution-reducing R&D by a monopoly firm producing a dirty product. In a dynamic framework with hyperbolic discounting, we establish conditions under which the Porter hypothesis goes through, i.e.
Prabal Roy Chowdhury
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Asset Prices and Hyperbolic Discounting [PDF]
Annals of Economics and Finance, 2007 This paper explores the implications of hyperbolic discounting for asset prices and rates of return. Hyperbolic discounting has no effect on the equity premium.
Heng-fu Zou, Liutang Gong, William Smith
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Hyperbolic discounting and secondary markets [PDF]
Games and Economic Behavior, 2003 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Nocke, Volker, Peitz, Martin
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Hyperbolically Discounted Temporal Difference Learning [PDF]
Neural Computation, 2010 Hyperbolic discounting of future outcomes is widely observed to underlie choice behavior in animals. Additionally, recent studies (Kobayashi & Schultz, 2008 ) have reported that hyperbolic discounting is observed even in neural systems underlying choice.
Alexander, William H., Brown, Joshua W.
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Over-savings and hyperbolic discounting [PDF]
European Economic Review, 2006 Abstract Hyperbolic discounting models are widely seen as implying that consumers do not save enough, in accordance with the observed low rates of savings of some households. This paper qualifies this view by showing that hyperbolic consumers may ‘oversave’ in the short run.
Salanie, François, Treich, Nicolas
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Kantian Optimization With Quasi-hyperbolic Discounting
SSRN Electronic Journal, 2022 We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies.
Borissov, Kirill +2 more
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Quasi-Hyperbolic Discounting And Retirement [PDF]
SSRN Electronic Journal, 2000 There is overwhelming psychological evidence that some people run into self-control problems regularly, yet the effect of these findings on major life-cycle decisions hasn't been studied in detail. This paper extends Laibson's quasi-hyperbolic discounting savings model, in which each intertemporal self realizes that her time discount structure will ...
Peter Diamond, Botond Köszegi
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Generalized Hyperbolic Discounting in Security Games of Timing
Games, 2023 In recent years, several high-profile incidents have spurred research into games of timing. A framework emanating from the FlipIt model features two covert agents competing to control a single contested resource.
Jonathan Merlevede +3 more
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Hyperbolic Discounting and Positive Optimal Inflation [PDF]
SSRN Electronic Journal, 2011 The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan, King, and Wolman [Review of Economic Studies10 (4), 825–860] uses a richer model but still finds deflation optimal.
Graham, Liam, Snower, Dennis J.
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Projection bias, sophistication, and sub-additive discounting
Journal of Management Science and Engineering, 2019 :: Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains intertemporal choices. In this study, we demonstrate that completely and partially sophisticated
Shou Chen +3 more
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