Valuating payoff streams under unequal discount factors

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 3
Pages: 595-598

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We study repeated prize allocation when the discount factors of the agents are unequal. The feasible set of payoffs behaves badly: the Pareto frontier is everywhere discontinuous and there is an open subset of (high) discount factors under which the feasible set is totally disconnected.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:3:p:595-598
Journal Field
General
Author Count
2
Added to Database
2026-01-29