Benoît, Jean-Pierre; Ok, Efe A. - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 71-113
, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the … classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time …