Search Results - subject:"Endogenous time preference"

Stochastic endogenous time preference

Higashi, Youichiro; Hyogo, Kazuya; Takeoka, Norio - In: Journal of mathematical economics 51 (2014), pp. 77-92

Persistent link: https://www.econbiz.de/10010478576

Investment for patience in an endogenous growth model

Kawagishi, Taketo - In: Economic modelling 42 (2014), pp. 508-515

Persistent link: https://www.econbiz.de/10010478661

Socially determined time preference in discrete time

Gomes, Orlando - Volkswirtschaftliche Fakultät, … - 2007

endogenous time preference: neo-classical and endogenous growth models, and models with production externalities and endogenous …The aim of the paper is to develop a discrete time version of a one-sector optimal growth model with endogenous time … preference. The intertemporal discount rate is determined by social factors (i.e., factors that are external to the individual …

Persistent link: https://www.econbiz.de/10005623393

Endogenous Discounting via Wealth, Twin-Peaks and the Role of Technology

Ingmar, SCHUMACHER - Institut de Recherche Économique et Sociale (IRES), … - 2006

The articles gives new answers to the following questions : One, what can be potential source of the twin-peaks of economi growth ? Two, why were some of the countries that were believed to belong to the group of low steady state countries (like Taiwan, South Korea, Japan, etc) able to reach a...

Persistent link: https://www.econbiz.de/10004984719

On optimality, endogeneous discounting and wealth accumulation

Ingmar, SCHUMACHER - Institut de Recherche Économique et Sociale (IRES), … - 2006

We endogenize the discount rate via a broad measure of wealth and provide empirical evidence that wealth the discount rate negatively. We demonstrate that the Pontryagin conditions require positive felicity for intuitive results, whereas the concavity of the Hamiltonian requires negative...

Persistent link: https://www.econbiz.de/10004984772

Endogenous discounting via wealth, twin-peaks and the role of technology

SCHUMACHER, Ingmar - Center for Operations Research and Econometrics (CORE), … - 2006

The article gives new answers to the two following questions: One, what can be a potential source of the twin-peaks of economic growth? Two, why were some of the countries that were believed to belong to the group of low steady state countries (like Taiwan, South Korea, Japan, etc.) able to...

Persistent link: https://www.econbiz.de/10005043077

On optimality, endogenous discounting and wealth accumulation

SCHUMACHER, Ingmar - Center for Operations Research and Econometrics (CORE), … - 2006

We endogenize the discount rate via a broad measure of wealth and provide empirical evidence that wealth affects the discount rate negatively. We demonstrate that the Pontryagin conditions require positive felicity for intuitive results, whereasthe concavity of the Hamiltonian requires negative...

Persistent link: https://www.econbiz.de/10005065304

Strategic interaction and dynamics under endogenous time preference

Camacho, Carmen; Saglam, Cagri; Turan, Agah - In: Journal of Mathematical Economics 49 (2013) 4, pp. 291-301

This paper presents a strategic growth model with endogenous time preference. Due to the potential lack of concavity …

Persistent link: https://www.econbiz.de/10010682589

HABIT FORMATION AND PREFERENCE CHANGE IN A TWOSECTOR GROWTH MODEL WITH ELASTIC LABOR SUPPLY

ZHANG, Wei-Bin - In: Academica Science Journal, Economica Series 1 (2013) 2, pp. 3-20

The purpose of this study is to develop a two sector growth model with elastic labor supply and preference change. The preference change is influenced by the ideas of time preference and habit formation in the Ramsey-type growth theory. This study deals with interactions among capital...

Persistent link: https://www.econbiz.de/10010699388

On recursive utility and the superneutrality of money

Miyazaki, Kenji - In: Economic Modelling 32 (2013) C, pp. 483-487

This paper investigates whether a change in the growth rate of the money supply enhances the rate of capital accumulation in a cash-in-advance monetary model with recursive utility. Although money is superneutral in the steady state, the effect of the growth rate of money supply on the speed of...

Persistent link: https://www.econbiz.de/10010664411