Search Results - subject:"infinite streams of payoffs"

Additive valuations of streams of payoffs that satisfy the time value of money principle: characterization and robust optimization

Neyman, Abraham - In: Theoretical Economics 18 (2023) 1, pp. 303-340

This paper characterizes those preferences over bounded infinite utility streams that satisfy the time value of money principle and an additivity property, and the subset of these preferences that in addition are either impatient or patient. Based on this characterization, the paper introduces a...

Persistent link: https://www.econbiz.de/10014536921

Additive valuations of streams of payoffs that satisfy the time value of money principle : a characterization and robust optimization

Neyman, Abraham - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 1, pp. 303-340

This paper characterizes those preferences over bounded infinite utility streams that satisfy the time value of money principle and an additivity property, and the subset of these preferences that, in addition, are either impatient or patient. Based on this characterization, the paper introduces...

Persistent link: https://www.econbiz.de/10014245421