Showing 81 - 90 of 741,780
Derivative pricing is about cash flow discounting at the riskfree rate. This teaching has lost its meaning post the …
Persistent link: https://www.econbiz.de/10012853204
preference reversal. Here we propose a model of discounting, consistent with standard axioms of choice, in which decision makers … maximize the growth rate of their wealth. Four specifications of the model produce four forms of discounting - no discounting …
Persistent link: https://www.econbiz.de/10012861904
In his recent paper entitled “How Loyalty Discounts Can Perversely Discourage Discounting,” Professor Einer Elhauge …
Persistent link: https://www.econbiz.de/10013147399
We consider a two-period model with two sellers and one buyer in which the efficient outcome calls for the buyer to purchase one unit from each seller in each period. We show that when the buyer's valuations between periods are linked by switching costs and at least one seller is financially...
Persistent link: https://www.econbiz.de/10012721302
A novel theory of time discounting is proposed in which future consumption is less valuable than present consumption … sub-additive discounting …
Persistent link: https://www.econbiz.de/10012848762
, not only because they can impair rival efficiency, but because loyalty discounts perversely discourage discounting even …
Persistent link: https://www.econbiz.de/10014214309
close and distant future is presented. This is followed by a generalization of quasi-hyperbolic discounting in the context …, in the evaluation of the distant future, can be considered a counterpart of exponential discounting in the evaluation of …
Persistent link: https://www.econbiz.de/10014241379
This paper provides a critical overview of several articles presented at the Intergenerational Discounting and … conventional normative justifications offered for the use of discounting future costs and benefits for policy analysis in the …
Persistent link: https://www.econbiz.de/10014056344
discounting behavior. This article identifies and critiques five attempts courts and commentators have made at articulating such … harbors to ensure that procompetitive bundled discounting is not discouraged …
Persistent link: https://www.econbiz.de/10014067474
Persistent link: https://www.econbiz.de/10013483231