exhibits a rising or non-monotonic pattern. In important cases, hyperbolic discounting, which is empirically strongly supported … model with Cobb-Douglas production technology. We also identify the cases where hyperbolic discounting is observationally … equivalent to exponential discounting. In those cases, hyperbolic discounting does not affect the saving rate dynamics. Numerical …

exhibits a rising or non-monotonic pattern. In important cases, hyperbolic discounting, which is empirically strongly supported … model with Cobb-Douglas production technology. We also identify those cases in which hyperbolic discounting is … observationally equivalent to exponential discounting. In those cases, hyperbolic discounting does not affect the saving rate dynamics …

exhibits a rising or non-monotonic pattern. In important cases, hyperbolic discounting, which is empirically strongly supported … model with Cobb-Douglas production technology. We also identify the cases where hyperbolic discounting is observationally … equivalent to exponential discounting. In those cases, hyperbolic discounting does not affect the saving rate dynamics. Numerical …

: hyperbolic discounting and short planning horizons. We show that, in contrast to the commonly accepted argument, in general … (except for the special case of logarithmic utility) a model with hyperbolic discounting is not observationally equivalent to … one with exponential discounting. We also show that our framework implies a hump-shaped saving rate dynamics that is …

: hyperbolic discounting and short planning horizons. We show that, in contrast to the commonly accepted argument, in general … (except for the special case of logarithmic utility) a model with hyperbolic discounting is not observationally equivalent to … one with exponential discounting. We also show that our framework implies a hump-shaped saving rate dynamics that is …

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …-equation from the hyperbolic discounting model with an additional adjustment factor. In the numerical section it is shown that the … not possible with a hyperbolic discounting model. …

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of …

present-biased preferences and make time-inconsistent savings plans, which they revise continuously. It is shown that long … discounting provides the same present value of a constant infinite income stream as standard exponential discounting, then the … equilibrium rate of economic growth is also the same under both discounting methods. In this sense present-bias and the entailed …

present-biased preferences and make time-inconsistent savings plans, which they revise continuously. It is shown that long … discounting provides the same present value of a constant infinite income stream as standard exponential discounting, then the … equilibrium rate of economic growth is also the same under both discounting methods. In this sense present-bias and the entailed …

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …