All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Minwook Kang
 
''Welfare criteria for quasi-hyperbolic time preferences''
( 2015, Vol. 35 No.4 )
 
 
The most prevalent welfare criteria for quasi-hyperbolic discounting models are the Pareto criterion that takes into account all periods' intertemporal utilities and the long-run perspective criterion that considers the intertemporal utility in fictitious period 0. This paper shows that efficiency by the Pareto criterion implies efficiency by the long-run criterion.
 
 
Keywords: Quasi-hyperbolic discouting, Long-run perspective criterion, Pareto criterion
 
Manuscript Received : Oct 25 2015 Manuscript Accepted : Dec 13 2015

  This abstract has been downloaded 317 times                The Full PDF of this paper has been downloaded 101320 times