Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting
Year of publication: |
2022
|
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Authors: | Balbus, Lukasz ; Reffett, Kevin L. ; Woźny, Łukasz |
Published in: |
Journal of economic theory. - Amsterdam : Elsevier, ISSN 0022-0531, ZDB-ID 410539-4. - Vol. 204.2022, p. 1-39
|
Subject: | Approximation | Generalized Bellman equation | Hyperbolic discounting | Markov equilibrium | Quasi-hyperbolic discounting | Time consistency | Diskontierung | Discounting | Zeitkonsistenz | Intertemporale Entscheidung | Intertemporal choice | Markov-Kette | Markov chain | Gleichgewichtstheorie | Equilibrium theory |
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