sensitive to unavoidable features of the estimation procedure: the time horizon (how far in the future the time periods used for … estimation lie) and the time scale (whether time periods are defined in months, years, etc), and argue that as a result … both time horizon and time scale, and vice versa for delta. The time-horizon effect appears to be the result of estimating …

This paper aims to provide a representation theorem for consumption stream in the simplex in continuous time, by using …

This work aims to provide a representation theorem for consumption in simplex in continuous time by using a weaker …