Hansen, Jes Winther - Economic Policy Research Unit (EPRU), Økonomisk Institut - 2005
necessary goods and luxury goods. A present-biased individual has an intertemporal distortion of consumption toward the present …, can alleviate the intertemporal distortion and make present-biased transfer recipients better off. Further, transfers in … the present-bias or not. Rational and naïve
present-biased individuals have the same indirect utility function, since both …