Endogenous discounting and the domain of the felicity function
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Schumacher, Ingmar, 2011. "Endogenous discounting and the domain of the felicity function," Economic Modelling, Elsevier, vol. 28(1), pages 574-581.
References listed on IDEAS
- Schumacher, Ingmar, 2009.
"Endogenous discounting via wealth, twin-peaks and the role of technology,"
Economics Letters, Elsevier, vol. 103(2), pages 78-80, May.
- SCHUMACHER, Ingmar, 2006. "Endogenous discounting via wealth, twin-peaks and the role of technology," LIDAM Discussion Papers CORE 2006104, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Ingmar, SCHUMACHER, 2006. "Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology," Discussion Papers (ECON - Département des Sciences Economiques) 2006059, Université catholique de Louvain, Département des Sciences Economiques.
- Ingmar Schumacher, 2009. "Endogenous discounting via wealth, Twin-Peaks and the role of technology," Working Papers hal-00356233, HAL.
- Gary S. Becker & Casey B. Mulligan, 1997.
"The Endogenous Determination of Time Preference,"
The Quarterly Journal of Economics, Oxford University Press, vol. 112(3), pages 729-758.
- Becker, G.S. & Mulligan, C.B., 1994. "On the Endogenous Determination of Time Preference," University of Chicago - Economics Research Center 94-2, Chicago - Economics Research Center.
- Gary S. Becker & Casey B. Mulligan, 1994. "On the Endogenous Determination of Time Preference," University of Chicago - George G. Stigler Center for Study of Economy and State 98, Chicago - Center for Study of Economy and State.
- Becker, Robert A & Boyd, John H, III, 1992. "Recursive Utility and Optimal Capital Accumulation II: Sensitivity and Duality Theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(4), pages 547-563, October.
- Le Kama, Alain Ayong & Schubert, Katheline, 2007.
"A Note On The Consequences Of An Endogenous Discounting Depending On The Environmental Quality,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 272-289, April.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," PSE-Ecole d'économie de Paris (Postprint) halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Post-Print halshs-00206326, HAL.
- David Fielding & Sebastian Torres, 2009. "Health, Wealth, Fertility, Education, and Inequality," Review of Development Economics, Wiley Blackwell, vol. 13(1), pages 39-55, February.
- Karen Pittel, 2002. "Sustainability and Endogenous Growth," Books, Edward Elgar Publishing, number 2776.
- Obstfeld, Maurice, 1990.
"Intertemporal dependence, impatience, and dynamics,"
Journal of Monetary Economics, Elsevier, vol. 26(1), pages 45-75, August.
- Maurice Obstfeld, 1989. "Intertemporal Dependence, Impatience, and Dynamics," NBER Working Papers 3028, National Bureau of Economic Research, Inc.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- Epstein, Larry G & Hynes, J Allan, 1983. "The Rate of Time Preference and Dynamic Economic Analysis," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 611-635, August.
- Palivos, Theodore & Wang, Ping & Zhang, Jianbo, 1997. "On the Existence of Balanced Growth Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(1), pages 205-224, February.
- Das, Mausumi, 2003. "Optimal growth with decreasing marginal impatience," Journal of Economic Dynamics and Control, Elsevier, vol. 27(10), pages 1881-1898, August.
- Becker, Robert A. & Boyd, John III & Sung, Bom Yong, 1989. "Recursive utility and optimal capital accumulation. I. Existence," Journal of Economic Theory, Elsevier, vol. 47(1), pages 76-100, February.
- Nairay, Alain, 1984. "Asymptotic behavior and optimal properties of a consumption-investment model with variable time preference," Journal of Economic Dynamics and Control, Elsevier, vol. 7(3), pages 283-313, September.
- Epstein, Larry G., 1987. "A simple dynamic general equilibrium model," Journal of Economic Theory, Elsevier, vol. 41(1), pages 68-95, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Schumacher, Ingmar, 2009.
"Endogenous discounting via wealth, twin-peaks and the role of technology,"
Economics Letters, Elsevier, vol. 103(2), pages 78-80, May.
- Ingmar, SCHUMACHER, 2006. "Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology," Discussion Papers (ECON - Département des Sciences Economiques) 2006059, Université catholique de Louvain, Département des Sciences Economiques.
- Ingmar Schumacher, 2009. "Endogenous discounting via wealth, Twin-Peaks and the role of technology," Working Papers hal-00356233, HAL.
- SCHUMACHER, Ingmar, 2006. "Endogenous discounting via wealth, twin-peaks and the role of technology," LIDAM Discussion Papers CORE 2006104, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Schumacher, Ingmar, 2013.
"Political stability, corruption and trust in politicians,"
Economic Modelling, Elsevier, vol. 31(C), pages 359-369.
- Ingmar Schumacher, 2012. "Political Stability, Corruption and Trust in Politicians," Working Papers hal-00763327, HAL.
- Mavi, Can Askan, 2020. "Can harmful events be another source of environmental traps?," Journal of Mathematical Economics, Elsevier, vol. 89(C), pages 29-46.
- Raouf Boucekkine & Blanca Martínez & José Ramón Ruiz-Tamarit, 2017.
"Optimal Population Growth as an Endogenous Discounting Problem: The Ramsey Case,"
AMSE Working Papers
1731, Aix-Marseille School of Economics, France.
- Raouf Boucekkine & Blanca Martínez & José Ramón Ruiz-Tamarit, 2017. "Optimal Population Growth as an Endogenous Discounting Problem: The Ramsey Case," Working Papers halshs-01579155, HAL.
- Raouf BOUCEKKINE & Blanca MARTINEZ & J.R. RUIZ-TAMARIT, 2017. "Optimal population growth as an endogenous discounting problem: The Ramsey case," LIDAM Discussion Papers IRES 2017013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Raouf Boucekkine & Blanca Martínez & J. Ramon Ruiz-Tamarit, 2018. "Optimal Population Growth as an Endogenous Discounting Problem: The Ramsey Case," Post-Print hal-02084782, HAL.
- Camacho, Carmen & Saglam, Cagri & Turan, Agah, 2013.
"Strategic interaction and dynamics under endogenous time preference,"
Journal of Mathematical Economics, Elsevier, vol. 49(4), pages 291-301.
- Carmen Camacho & Cagri Saglam & Agah Turan, 2013. "Strategic Interaction and Dynamics under endogenous time preference," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00973380, HAL.
- Carmen Camacho & Cagri Saglam & Agah Turan, 2013. "Strategic Interaction and Dynamics under endogenous time preference," Post-Print hal-00973380, HAL.
- Six, M. & Wirl, F., 2015. "Optimal pollution management when discount rates are endogenous," Resource and Energy Economics, Elsevier, vol. 42(C), pages 53-70.
- Kawagishi, Taketo, 2014. "Investment for patience in an endogenous growth model," Economic Modelling, Elsevier, vol. 42(C), pages 508-515.
- Bouché, Stéphane, 2017. "Learning by doing, endogenous discounting and economic development," Journal of Mathematical Economics, Elsevier, vol. 73(C), pages 34-43.
- Hirose, K. & Ikeda, Shinsuke, 2015. "Decreasing marginal impatience destabilizes multi-country economies," Economic Modelling, Elsevier, vol. 50(C), pages 237-244.
- Can Askan Mavi, 2019. "Can harmful events be another source of environmental traps?," CEE-M Working Papers halshs-02141789, CEE-M, Universtiy of Montpellier, CNRS, INRA, Montpellier SupAgro.
- Can Askan Mavi, 2019. "Can harmful events be another source of environmental traps?," Working Papers halshs-02141789, HAL.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ingmar, SCHUMACHER, 2006.
"On optimality, endogeneous discounting and wealth accumulation,"
Discussion Papers (ECON - Département des Sciences Economiques)
2006058, Université catholique de Louvain, Département des Sciences Economiques.
- SCHUMACHER, Ingmar, 2006. "On optimality, endogenous discounting and wealth accumulation," LIDAM Discussion Papers CORE 2006103, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Strulik, Holger, 2016.
"Limited self-control and long-run growth,"
Mathematical Social Sciences, Elsevier, vol. 83(C), pages 1-8.
- Strulik, Holger, 2013. "Limited self-control and long-run growth," Center for European, Governance and Economic Development Research Discussion Papers 181, University of Goettingen, Department of Economics.
- Bouché, Stéphane, 2017. "Learning by doing, endogenous discounting and economic development," Journal of Mathematical Economics, Elsevier, vol. 73(C), pages 34-43.
- Strulik, Holger, 2015.
"Hyperbolic discounting and endogenous growth,"
Economics Letters, Elsevier, vol. 126(C), pages 131-134.
- Strulik, Holger, 2013. "Hyperbolical discounting and endogenous growth," Center for European, Governance and Economic Development Research Discussion Papers 175, University of Goettingen, Department of Economics.
- Strulik, Holger, 2014. "Hyperbolical Discounting and Endogenous Growth," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100560, Verein für Socialpolitik / German Economic Association.
- Das, Mausumi, 2003. "Optimal growth with decreasing marginal impatience," Journal of Economic Dynamics and Control, Elsevier, vol. 27(10), pages 1881-1898, August.
- Kawagishi, Taketo, 2014. "Investment for patience in an endogenous growth model," Economic Modelling, Elsevier, vol. 42(C), pages 508-515.
- Yanase, Akihiko, 2011. "Impatience, pollution, and indeterminacy," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1789-1799, October.
- Schumacher, Ingmar, 2009.
"Endogenous discounting via wealth, twin-peaks and the role of technology,"
Economics Letters, Elsevier, vol. 103(2), pages 78-80, May.
- SCHUMACHER, Ingmar, 2006. "Endogenous discounting via wealth, twin-peaks and the role of technology," LIDAM Discussion Papers CORE 2006104, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Ingmar, SCHUMACHER, 2006. "Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology," Discussion Papers (ECON - Département des Sciences Economiques) 2006059, Université catholique de Louvain, Département des Sciences Economiques.
- Ingmar Schumacher, 2009. "Endogenous discounting via wealth, Twin-Peaks and the role of technology," Working Papers hal-00356233, HAL.
- Ken-Ichi Hirose & Shinsuke Ikeda, 2015. "Decreasing Marginal Impatience and Capital Accumulation in a Two-Country World Economy," Metroeconomica, Wiley Blackwell, vol. 66(3), pages 474-507, July.
- Chu, Hsun & Lai, Ching-chong & Liao, Chih-hsing, 2016.
"A Note On Environment-Dependent Time Preferences,"
Macroeconomic Dynamics, Cambridge University Press, vol. 20(6), pages 1652-1667, September.
- Chu, Hsun & Lai, Ching-Chong & Liao, Chih-Hsing, 2012. "A Note on Environment-dependent Time Preferences," MPRA Paper 59719, University Library of Munich, Germany, revised Nov 2014.
- Strulik, Holger, 2012.
"Patience and prosperity,"
Journal of Economic Theory, Elsevier, vol. 147(1), pages 336-352.
- Strulik, Holger, 2009. "Patience and Prosperity," Hannover Economic Papers (HEP) dp-426, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Harashima, Taiji, 2016. "The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States?," MPRA Paper 69215, University Library of Munich, Germany.
- Vella, Eugenia & Dioikitopoulos, Evangelos V. & Kalyvitis, Sarantis, 2015.
"Green Spending Reforms, Growth, And Welfare With Endogenous Subjective Discounting,"
Macroeconomic Dynamics, Cambridge University Press, vol. 19(6), pages 1240-1260, September.
- Eugenia Vella & Evangelos Dioikitopoulos & Sarantis Kalyvitis, "undated". "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEOS Working Papers 1335, Athens University of Economics and Business.
- Eugenia Vella & Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2012. "Green Spending Reforms, Growth and Welfare with Endogenous Subjective Discounting," DEGIT Conference Papers c017_045, DEGIT, Dynamics, Economic Growth, and International Trade.
- Le Kama, Alain Ayong & Schubert, Katheline, 2007.
"A Note On The Consequences Of An Endogenous Discounting Depending On The Environmental Quality,"
Macroeconomic Dynamics, Cambridge University Press, vol. 11(2), pages 272-289, April.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," PSE-Ecole d'économie de Paris (Postprint) halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00206326, HAL.
- Alain Ayong Le Kama & Katheline Schubert, 2007. "A note on the consequences of an endogenous discounting depending on the environmental quality," Post-Print halshs-00206326, HAL.
- Takashi Hayashi, 2020. "Investment in time preference and long-run distribution," The Japanese Economic Review, Springer, vol. 71(2), pages 171-190, April.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2008.
"Inflation and Growth: Impatience and a Qualitative Equivalence,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been‐Lon Chen & Mei Hsu & Chia‐Hui Lu, 2008. "Inflation and Growth: Impatience and a Qualitative Equivalence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(6), pages 1309-1323, September.
- Been-Lon Chen & Mei Hsu & Chia-Hui Lu, 2007. "Inflation and Growth: Impatience and a Qualitative Equivalence," IEAS Working Paper : academic research 07-A007, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Evangelos V. Dioikitopoulos & Sarantis Kalyvitis, 2015. "Optimal Fiscal Policy with Endogenous Time Preference," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(6), pages 848-873, December.
- Erol, Selman & Le Van, Cuong & Saglam, Cagri, 2011.
"Existence, optimality and dynamics of equilibria with endogenous time preference,"
Journal of Mathematical Economics, Elsevier, vol. 47(2), pages 170-179, March.
- Cuong Le Van & Cagri Saglam & Selman Erol, 2011. "Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference," Working Papers 04, Development and Policies Research Center (DEPOCEN), Vietnam.
- Cuong Le Van & Cagri Saglam & Selman Erol, 2011. "Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference," PSE-Ecole d'économie de Paris (Postprint) halshs-00639731, HAL.
- Cuong Le Van & Cagri Saglam & Selman Erol, 2011. "Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference," Post-Print halshs-00639731, HAL.
- Cuong Le Van & Cagri Saglam & Selman Erol, 2011. "Existence, Optimality and Dynamics of Equilibria with Endogenous Time Preference," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00639731, HAL.
- Zhang Wei-Bin, 2013. "Habit Formation and Preference Change with Capital and Renewable Resources," Business Systems Research, Sciendo, vol. 4(2), pages 108-125, December.
- Donald S. Kenkel & Ping Wang, 1999.
"Are Alcoholics in Bad Jobs?,"
NBER Chapters, in: The Economic Analysis of Substance Use and Abuse: An Integration of Econometric and Behavioral Economic Research, pages 251-278,
National Bureau of Economic Research, Inc.
- Don Kenkel & Ping Wang, 1998. "Are Alcoholics in Bad Jobs?," NBER Working Papers 6401, National Bureau of Economic Research, Inc.
More about this item
Keywords
Endogenous time preference Optimality Recursive utility Felicity;JEL classification:
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:28:y:2011:i:1-2:p:574-581. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.