On the Dividend Strategies with Non-Exponential Discounting [PDF]
, 2013 In this paper, we study the dividend strategies for a shareholder with non-constant discount rate in a diffusion risk model. We assume that the dividends can only be paid at a bounded rate and restrict ourselves to the Markov strategies. This is a time inconsistent control problem.
Qian Zhao, Jiaqin Wei, Rongming Wang
core +6 more sources
Contracting with Non-Exponential Discounting: Moral Hazard and Dynamic Inconsistency
SSRN Electronic Journal, 2019 This paper studies a continuous-time, nite-horizon contracting problem with renegotiationand dynamic inconsistency arising from non-exponential discounting.
Doruk Cetemen, Felix Feng, Can Urgun
semanticscholar +4 more sources
On dividend strategies with non-exponential discounting [PDF]
Insurance: Mathematics and Economics, 2014 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Qian Zhao, Jiaqin Wei, Rongming Wang
semanticscholar +5 more sources
Equivalent representations of non-exponential discounting models
Journal of Mathematical Economics, 2016 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
James Feigenbaum
semanticscholar +7 more sources
Non-Exponential Discounting: A Direct Test And Perhaps A New Puzzle [PDF]
SSRN Electronic Journal, 2008 Author(s): Startz, Richard; Tsang, Kwok Ping | Abstract: Standard models of intertemporal utility maximization assume that agents discount future utility flows at a constant rate—exponential discounting. Euler equations estimated over different time horizons should have equal discount rates but they do not. Rising term yield premia imply discount rates
Startz, Richard, Tsang, Kwok Ping
openaire +4 more sources
AGE DIFFERENCES IN THE TEMPORAL PATTERNS OF SELF-CONTINUITY AND TEMPORAL DISCOUNTING [PDF]
Innov AgingSelf-continuity, the perceived connectedness with past and future selves, varies across the life span. Previous research found that both past and future self-continuity are positively associated with age and that such effects are more pronounced for more
Yi Lu, C. Loeckenhoff
europepmc +2 more sources
Hyperbolic discounting underpins response curves of mammalian avoidance behaviour. [PDF]
Biol LettAs humans clear natural habitat, they are brought into increased conflict with wild animals. Some conflict is direct (e.g. elevated exposure of people to predators), some indirect (e.g. abandoning suitable habitat because of human activity).
Patten MA, Burger JC.
europepmc +2 more sources
PRM29 Comparison of Discrete Discounting and Non-Constant Exponential Discounting Approaches to Calcuate Future Gains in Quality-Adjusted Life-Years [PDF]
, 2012 Vishvas Garg, Dennis W. Raisch
openalex +2 more sources
Discount models in intertemporal choice: an empirical analysis [PDF]
European Journal of Management and Business Economics, 2021 Purpose – The main purpose of this paper is to determine the discount function which better fits the individuals' preferences through the empirical analysis of the different functions used in the field of intertemporal choice. Design/methodology/approach
Isabel María Parra Oller +2 more
doaj +1 more source
Measurement of Individual Time Preferences Using A Laboratory Approach [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2023 The precise measurement of individual time preferences in assessing the economic plans that individuals are involved in, in the estimation of social time preferences, in the assessment of environmental and health plans is very crucial.
Mohammad Amin Zandi
doaj +1 more source