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Kantian Optimization with Quasi-Hyperbolic Discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …
Persistent link: https://www.econbiz.de/10013353402
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General Equilibrium and Dynamic Inconsistency
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10013353458
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Kantian optimization with quasi-hyperbolic discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …
Persistent link: https://www.econbiz.de/10013255890
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General Equilibrium and Dynamic Inconsistency
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others’ naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10014080053
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Kantian Optimization With Quasi-hyperbolic Discounting
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …
Persistent link: https://www.econbiz.de/10014082673
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General equilibrium and dynamic inconsistency
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022
We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...
Persistent link: https://www.econbiz.de/10013285660
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The Neoclassical Growth Model with Time-Inconsistent Decision Making and Perfect Foresight
Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2021
neoclassical growth model. To study time-inconsistent decision making of an agent who cannot commit to future actions, we introduce …
Persistent link: https://www.econbiz.de/10013251105
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The Rich and the Poor in a Simple Model of Growth and Distribution
Borissov, Kirill - Department of Economics, European University at St. … - 2013
We consider a model of economic growth with altruistic consumers who care both about their consumption relative to …
Persistent link: https://www.econbiz.de/10010687427
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Heterogeneous Bequests and Social Inequalities
Borissov, Kirill; Bosi, Stefano; Ha-Huy, Thai; Pakhnin, … - 2023
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014469860
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Heterogeneous bequests and social inequalities
Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014384038