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Welfare implications of non-unitary time discounting |
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| Authors: | Ohdoi Ryoji Futagami Koichi |
| Institution: | 1.Department of Industrial Engineering and Economics, Tokyo Institute of Technology, 2-12-1, Ookayama, Meguro-ku, Tokyo, 152-8552, Japan ;2.Graduate School of Economics, Osaka University, 1-7, Machikaneyama, Toyonaka, Osaka, 560-0043, Japan ; |
| Abstract: | Theory and Decision - This study proposes a model of non-unitary time discounting and examines its welfare implications. A key feature of our model lies in the disparity of time discounting between... |
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