Cyrus Chu, C.Y.; Chien, Hung-Ken; Lee, Ronald D. - In: Journal of Economic Behavior & Organization 76 (2010) 3, pp. 451-464
Abstract At each age an organism produces energy by foraging and allocates this energy among reproduction, survival, growth, and intergenerational transfers. We characterize the optimal set of allocation decisions that maximizes fitness. Time preference (the discount rate) is derived from the...