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Collective investment decision making with heterogeneous time preferences
Gollier, Christian; Zeckhauser, Richard - 2003
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular … exponential discounting for their collective investment decisions even if all agents discount exponentially.We also exhibit … conditions that lead the representative agent to have a rate of impatience that decreases with GDP per capita. …
Persistent link: https://www.econbiz.de/10001750827
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Collective investment decision making with heterogenous time preferences
Gollier, Christian; Zeckhauser, Richard - 2003
Persistent link: https://www.econbiz.de/10001753220
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Consumption externalities, production externalities, and efficient capital accumulation under time non-separable preferences
Turnovsky, Stephen J.; Monteiro, Goncalo - In: European economic review : EER 51 (2007) 2, pp. 479-504
Persistent link: https://www.econbiz.de/10003415431
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Zur Rationalität des Prinzips der nachhaltigen Planung
Speckbacher, Gerhard - In: Kapitalmarkt, Unternehmensfinanzierung und rationale …, (pp. 57-74). 2006
Persistent link: https://www.econbiz.de/10003236827
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Golden Rules and the market mechanism : Samuelson's biological theorie of interest 50 years after
Suntum, Ulrich van - 2007
Persistent link: https://www.econbiz.de/10003629048
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Optimal consumption choice for ratchet investors
Riedel, Frank - 2001
Persistent link: https://www.econbiz.de/10001649758
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Robust consumption-investment problems with stochastic coefficients
Wopperer, Christoph - 2011
Persistent link: https://www.econbiz.de/10009130291
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Collective risk-taking decisions with heterogeneous beliefs
Gollier, Christian - 2003
Suppose that a group of agents having divergent expectations can share risks efficiently. We examine how this group should behave collectively to manage these risks. We show that the beliefs of the representative agent is in general a function of the group.s wealth level, or equivalently, that...
Persistent link: https://www.econbiz.de/10011507677
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The dynamics of coalition formation : a multilateral bargaining experiment with free timing of moves
Tremewan, James; Vanberg, Christoph - 2015
We experimentally study behavior in a finitely repeated coalition formation game played in real time. Subjects interact in groups of three, bargaining over the distribution of payments which occur at regular time intervals. During a given interval, payments occur if and only if a majority is in...
Persistent link: https://www.econbiz.de/10010484831
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Biased experts, majority rule, and the optimal composition of committee
Correa, Alvaro Name; Yildirim, Huseyin - 2018
A committee of experts votes between a multi-attribute alternative and status quo. Each expert is a biased specialist who can privately evaluate only one attribute and puts more weight on it. We study whether a social-minded principal would compose the committee of more or less biased experts....
Persistent link: https://www.econbiz.de/10012117552