Search Results - subject:"Time Inconsistency"

Capital investment, business behaviour, and the macroeconomy

Baddeley, Michelle - In: The economic and labour relations review : ELRR 34 (2023) 1, pp. 35-50

Persistent link: https://www.econbiz.de/10014308692

König-Kersting, Christian; Trautmann, Stefan T. - 2023

psychological measure of grit, with economic measures of impatience and decreasing impatience (time inconsistency), respectively, in … and grit are predictive for both outcomes, but this is not the case for time inconsistency. Our findings suggest that it … the general population. We find that impatience is associated with grit through the PoE component. No association of time …

Persistent link: https://www.econbiz.de/10014335460

Dollarization as an effective commitment device : the case of Argentina

Ocampo, Emilio - 2023

populism, which heightened time-inconsistency and then destroyed the formal and informal mechanisms that could have helped …

Persistent link: https://www.econbiz.de/10014230321

Present Bias in Politics and Self-Committing Treaties

Harstad, Bård; Kessler, Anke - 2025

We study how international environmental agreements can take advantage of domestic time-inconsistency problems …

Persistent link: https://www.econbiz.de/10015398766

Envy today, inequality tomorrow: how present bias shapes the wealth distribution

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2025

We study the effects of envy (relative consumption concerns), drawing on evidence that preferences typically exhibit present bias. We employ a Ramseytype model with agents who differ in initial capital endowments and account for present-biased envy: agents are naive and care about how their...

Persistent link: https://www.econbiz.de/10015405352

Constant discounting, temporal instability, and dynamic inconsistency in Denmark : a longitudinal field experiment

Harrison, Glenn W.; Igel Lau, Morten; Yoo, Hong Il - In: International economic review 66 (2025) 1, pp. 363-392

Persistent link: https://www.econbiz.de/10015399136

Optimal contracts for time-inconsistent consumers with heterogeneous beliefs

Gao, Buqu; Guo, Liang - In: Management science : journal of the Institute for … 71 (2025) 1, pp. 861-878

Persistent link: https://www.econbiz.de/10015410321

Cross-dynastic intergenerational altruism

Nesje, Frikk - 2022

I study whether saving behavior reveals socially relevant intertemporal preferences. To this end, I decompose the present generation’s preference for the next into its dynastic and cross-dynastic components in a model of saving. If people are concerned about the next generation as such, then...

Persistent link: https://www.econbiz.de/10013041365

General equilibrium and dynamic inconsistency

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022

We study the role of expectations of naive agents in a general equilibrium version of the Ramsey model with quasi-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths, correctly anticipating prices in a...

Persistent link: https://www.econbiz.de/10013285660

Kantian optimization with quasi-hyperbolic discounting

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2022

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies. We...

Persistent link: https://www.econbiz.de/10013255890