implications of the effective fruit and vegetable advertising programs on caloric intake and obesity management policies. …

periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction …The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive … between two or more decision makers in a way that allows present-biased discounting where the discount factor between two …

We study the effect of hyperbolic discounting on competitive equilibria in secondary markets for a durable good. Under … neutral to the allocation. Under hyperbolic discounting, secondary markets are not neutral; they do not affect price and … exponential discounting, secondary markets are irrelevant in our model. They do not affect the price in the initial period and are …

The observation of declining discount rates in experimental settings has led many to promote hyperbolic discounting … hyperbolic or quasi-hyperbolic discounting. Annual discount rates range from ten to fourteen percent across the data sets and … over standard exponential discounting as the preferred descriptive model of intertemporal choice. I develop a new framework …