When people decide about saving and consumption across the various periods of their life time they take into account …

The influence of heterogeneous time preferences on the term structure is investigated. Motivated by the Preferred … Habitat Theory of Modigliani and Sutch, a model for intertemporal preferences accounting for preferred habitats is proposed … term bonds to shorter instruments as the Preferred Habitat Theory predicts. …

The theory of industrial organization has experienced an impressive boom by using the methods of (non-cooperative) game … theory. The conclusions depend, however. crucially on subtle details of the market decision processes about which there exist … no or little empirical information. Studies of endogenous timing could help since they derive the time structure of …

case of separable power utilities with a finite time horizon is solved explicitly. -- non-time additive utility …

special cases. The optimal consumption plan turns out to be the running maximum of the optimal plan a conventional time …–additive investor would choose. -- Intertemporal Consumption Choice ; Habit Formation ; Non-Time Separable Utility …

measure. -- Hindy-Huang-Kreps preferences ; non-time additive utility optimization ; intertemporal utility ; intertemporal …

Experimental studies of risk and time-preference typically focus on one of the two phenomena. The goal of this paper is … to investigate the (possible) correlation between subjects' attitude to risk and their time-preference. For this sake we … the subjects for the three lotteries, we test how time and risk preferences are interrelated. Since the time interval …

time component. -- General Equilibrium ; Local Substitution ; Non Time Additive Utility …