Discounting models for outcomes over continuous time

B-Tier
Journal: Journal of Mathematical Economics
Year: 2012
Volume: 48
Issue: 5
Pages: 284-294

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if the preferences are represented by a function that is an integral of a discounting function times a scale defined on outcomes at instants of time.

Technical Details

RePEc Handle
repec:eee:mateco:v:48:y:2012:i:5:p:284-294
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29