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Discount-neutral utility models for denumerable time streams

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  • Peter Fishburn
  • Ward Edwards

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  • Peter Fishburn & Ward Edwards, 1997. "Discount-neutral utility models for denumerable time streams," Theory and Decision, Springer, vol. 43(2), pages 139-166, September.
    • Handle: RePEc:kap:theord:v:43:y:1997:i:2:p:139-166
    DOI: 10.1023/A:1004943925179
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    References listed on IDEAS

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    2. Larry G. Epstein & Stanley E. Zin, 2013. "Substitution, risk aversion and the temporal behavior of consumption and asset returns: A theoretical framework," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 12, pages 207-239, World Scientific Publishing Co. Pte. Ltd..
    3. Bezalel Peleg & Menahem E. Yaari, 1973. "On the Existence of a Consistent Course of Action when Tastes are Changing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(3), pages 391-401.
    4. Peter J. Hammond, 1976. "Changing Tastes and Coherent Dynamic Choice," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 43(1), pages 159-173.
    5. Streufert, P.A., 1991. "Abstract Recursive Utility," Working papers 9103, Wisconsin Madison - Social Systems.
    6. Bleichrodt, Han & Gafni, Amiram, 1996. "Time preference, the discounted utility model and health," Journal of Health Economics, Elsevier, vol. 15(1), pages 49-66, February.
    7. Becker, Robert A. & Boyd, John III & Sung, Bom Yong, 1989. "Recursive utility and optimal capital accumulation. I. Existence," Journal of Economic Theory, Elsevier, vol. 47(1), pages 76-100, February.
    8. Barry Gordon, 1975. "Economic Analysis before Adam Smith," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-02116-1, October.
    9. Nairay, Alain, 1984. "Asymptotic behavior and optimal properties of a consumption-investment model with variable time preference," Journal of Economic Dynamics and Control, Elsevier, vol. 7(3), pages 283-313, September.
    10. Kohn, Meir G. & Shavell, Steven, 1974. "The theory of search," Journal of Economic Theory, Elsevier, vol. 9(2), pages 93-123, October.
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    Citations

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    Cited by:

    1. Li, Chen & Wakker, Peter P., 2024. "A simple and general axiomatization of average utility maximization for infinite streams," Journal of Economic Theory, Elsevier, vol. 216(C).
    2. Steven J. Brams & William V. Gehrlein & Fred S. Roberts, 2022. "Peter C. Fishburn (1936–2021)," Theory and Decision, Springer, vol. 93(1), pages 1-6, July.
    3. Marcus Pivato, 2021. "Intertemporal Choice with Continuity Constraints," Mathematics of Operations Research, INFORMS, vol. 46(3), pages 1203-1229, August.
    4. Aurélien Baillon & Ning Liu & Dennie Dolder, 2017. "Comparing uncertainty aversion towards different sources," Theory and Decision, Springer, vol. 83(1), pages 1-18, June.
    5. Dziewulski, Paweł, 2018. "Revealed time preference," Games and Economic Behavior, Elsevier, vol. 112(C), pages 67-77.
    6. Gijs van de Kuilen & Peter P. Wakker, 2011. "The Midweight Method to Measure Attitudes Toward Risk and Ambiguity," Management Science, INFORMS, vol. 57(3), pages 582-598, March.
    7. Fan Wang, 2022. "Rank-Dependent Utility Under Multiple Priors," Management Science, INFORMS, vol. 68(11), pages 8166-8183, November.
    8. Wojciech Rybicki, 2012. "Discounting and ideas of intergenerational equity and sustainability," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(1), pages 63-84.
    9. Abraham Neyman, 2018. "Additive valuations of streams of payoffs that obey the time-value of money principle: characterization and robust optimization," Discussion Paper Series dp718, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    10. Neyman, Abraham, 2023. "Additive valuations of streams of payoffs that satisfy the time value of money principle: characterization and robust optimization," Theoretical Economics, Econometric Society, vol. 18(1), January.
    11. Baillon, Aurélien & Driesen, Bram & Wakker, Peter P., 2012. "Relative concave utility for risk and ambiguity," Games and Economic Behavior, Elsevier, vol. 75(2), pages 481-489.
    12. Adam Jonsson & Mark Voorneveld, 2015. "Utilitarianism on infinite utility streams: summable differences and finite averages," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(1), pages 19-31, April.
    13. Паламарчук Е.С., 2013. "Оценка Риска В Линейных Экономических Системах При Отрицательных Временных Предпочтениях," Журнал Экономика и математические методы (ЭММ), Центральный Экономико-Математический Институт (ЦЭМИ), vol. 49(3), pages 99-116, июль.
    14. Paola Manzini, 2001. "Time preferences: do they matter in bargaining?," Experimental 0106001, University Library of Munich, Germany.
    15. Manzini, Paola & Mariotti, Marco, 2007. "Choice Over Time," IZA Discussion Papers 2993, Institute of Labor Economics (IZA).
    16. Jonsson, Adam & Voorneveld, Mark, 2014. "Utilitarianism for infinite utility streams: summable differences and finite averages," SSE/EFI Working Paper Series in Economics and Finance 747, Stockholm School of Economics, revised 15 Apr 2014.

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