Nonparametric analysis of time-inconsistent preferences

This paper provides a revealed preference characterisation of quasi-hyperbolic discounting which is designed to be applied to readily-available expenditure surveys. We describe necessary and sufficient conditions for the leading forms of the model and also explore the consequences the restrictions o...

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Príomhchruthaitheoirí: Browning, M, Crawford, I, Blow, L
Formáid: Working paper
Foilsithe / Cruthaithe: University of Oxford 2017