"Hyperbolic" discounting: A recursive formulation and an application to economic growth

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 109
Issue: 3
Pages: 193-196

Authors (2)

Coury, Tarek (not in RePEc) Dave, Chetan (University of Alberta)

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 axiomatize decreasing impatience (DI) in a discrete-time setting, as originally discussed by Prelec, and formulate a class of recursively-defined discounting functions that conform to DI. The recursive formulation is used to analyze the Ramsey growth problem using dynamic programming techniques.

Technical Details

RePEc Handle
repec:eee:ecolet:v:109:y:2010:i:3:p:193-196
Journal Field
General
Author Count
2
Added to Database
2026-01-25