Observational Implications of Non-Exponential Discounting
Type de matériel :
TexteLangue : français Détails de publication : 2020.
Sujet(s) : Ressources en ligne : Abrégé : In this note we provide an elementary example with a concave utility function where the essentially unique consistent savings rule is discontinuous; such a savings rule could not arise with exponential discounting. JEL Codes: D01.
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In this note we provide an elementary example with a concave utility function where the essentially unique consistent savings rule is discontinuous; such a savings rule could not arise with exponential discounting. JEL Codes: D01.
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