Welfare criteria for quasi-hyperbolic time preferences

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6 Citations (Scopus)

Abstract

The most prevalent welfare criteria for quasi-hyperbolic discounting models are the Pareto criterion that takes into account all periods' intertemporal utilities and the long-run perspective criterion that considers the intertemporal utility in fictitious period 0. This paper shows that efficiency by the Pareto criterion implies efficiency by the long-run criterion.

Original languageEnglish
Pages (from-to)1-7
Number of pages7
JournalEconomics Bulletin
Volume35
Issue number4
Publication statusPublished - 2015
Externally publishedYes

Bibliographical note

Publisher Copyright:
© 2019, Economics Bulletin.

ASJC Scopus subject areas

  • General Economics,Econometrics and Finance

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