Harashima, Taiji - Volkswirtschaftliche Fakultät, … - 2010
heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … heterogeneity may more correctly measure people’s “happiness.” However, it also indicates that inequality is necessary for … heterogeneous households are equally and indefinitely satisfied, and heterogeneity is sustainable on this path. The existence of a …