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The discounting of future felicity flows transposes to the intertemporal optimization context the assumption of interest-bearing wealth or savings. The validity of the hypothesis has been challenged by several empirical (ir)regularities and by the theoretical implications for human decision...
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On Simple Conditions for Mixed Equilibria in Dualistic Models. Part I: Degree of Mobility
Persistent link: https://www.econbiz.de/10009492743
On Simple Conditions for Mixed Equilibria in Dualistic Models. Part II: Degree of Coverage
Persistent link: https://www.econbiz.de/10009492744