Never mind the hyperbolics: Nonparametric analysis of time-inconsistent preferences

We investigate necessary and sufficient nonparametric conditions for the quasi-hyperbolic consumer. These turn out to be quite tractable. We investigate the performance of this model compared to the standard exponential discounting model using consumer panel data.

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Year of publication:	2014
Authors:	Blow, Laura ; Browning, Martin ; Crawford, Ian
Publisher:	London : Institute for Fiscal Studies (IFS)
Subject:	quasi-hyperbolic discounting \| revealed preference

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Series:	IFS Working Papers ; W14/17
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.1920/wp.ifs.2014.1416 [DOI] 791469735 [GVK] hdl:10419/101334 [Handle]
Classification:	C43 - Index Numbers and Aggregation ; D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10010397761