A time consistent dynamic bargaining procedure in differential games with hterogeneous discounting
Author
Abstract
Suggested Citation
DOI: 10.1007/s00186-021-00742-0
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Robert Becker & Ram Dubey & Tapan Mitra, 2014.
"On Ramsey equilibrium: capital ownership pattern and inefficiency,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 55(3), pages 565-600, April.
- Robert Becker & Ram Sewak Dubey & Tapan Mitra, 2012. "On Ramsey Equilibrium: Capital Ownership Pattern and Inefficiency," CAEPR Working Papers 2012-007, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Benveniste, L M & Scheinkman, J A, 1979. "On the Differentiability of the Value Function in Dynamic Models of Economics," Econometrica, Econometric Society, vol. 47(3), pages 727-732, May.
- Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Institute for Research on Labor and Employment, Working Paper Series qt0nn1t22z, Institute of Industrial Relations, UC Berkeley.
- Alain Haurie & Jacek B Krawczyk & Georges Zaccour, 2012. "Games and Dynamic Games," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 8442, February.
- Karp, L, 2007. "Non-constant discounting in continuous time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8d52f6w7, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2007.
"Non-constant discounting in continuous time,"
Journal of Economic Theory, Elsevier, vol. 132(1), pages 557-568, January.
- Karp, Larry, 2004. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7pr05084, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, L, 2007. "Non-constant discounting in continuous time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt8d52f6w7, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry S., 2004. "Non-Constant Discounting in Continuous Time," CUDARE Working Papers 25050, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt0nn1t22z, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Non-Constant Discounting in Continuous Time," Institute for Research on Labor and Employment, Working Paper Series qt0nn1t22z, Institute of Industrial Relations, UC Berkeley.
- Sorger, Gerhard, 2006. "Recursive Nash bargaining over a productive asset," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2637-2659, December.
- Dockner,Engelbert J. & Jorgensen,Steffen & Long,Ngo Van & Sorger,Gerhard, 2000. "Differential Games in Economics and Management Science," Cambridge Books, Cambridge University Press, number 9780521637329, January.
- Robert A. Becker, 1980. "On the Long-Run Steady State in a Simple Dynamic Model of Equilibrium with Heterogeneous Households," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 95(2), pages 375-382.
- Gordon R. Munro, 1979. "The Optimal Management of Transboundary Renewable Resources," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 355-376, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Fujii, Tomoki & Karp, Larry, 2008. "Numerical analysis of non-constant pure rate of time preference: A model of climate policy," Journal of Environmental Economics and Management, Elsevier, vol. 56(1), pages 83-101, July.
- Marín-Solano, Jesús, 2015. "Group inefficiency in a common property resource game with asymmetric players," Economics Letters, Elsevier, vol. 136(C), pages 214-217.
- Yu-Jui Huang & Adrien Nguyen-Huu, 2018.
"Time-consistent stopping under decreasing impatience,"
Finance and Stochastics, Springer, vol. 22(1), pages 69-95, January.
- Yu-Jui Huang & Adrien Nguyen-Huu, 2017. "Time-consistent stopping under decreasing impatience [Arrêt temporellement cohérent sous impatience décroissante]," Working Papers hal-01116414, HAL.
- Yu-Jui Huang & Adrien Nguyen-Huu, 2018. "Time-consistent stopping under decreasing impatience," Post-Print hal-01950058, HAL.
- Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Guillouet, Louise & Martimort, David, 2023. "Acting in the Darkness: Towards some Foundations for the Precautionary Principle," TSE Working Papers 23-1411, Toulouse School of Economics (TSE), revised Jul 2024.
- Qinglong Zhou & Gaofeng Zong, 2016. "Time-Inconsistent Stochastic Linear-quadratic Differential Game," Papers 1607.00638, arXiv.org.
- Josa-Fombellida, Ricardo & Navas, Jorge, 2020. "Time consistent pension funding in a defined benefit pension plan with non-constant discounting," Insurance: Mathematics and Economics, Elsevier, vol. 94(C), pages 142-153.
- Winkler, Ralph, 2009.
"Now or Never: Environmental Protection under Hyperbolic Discounting,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 3, pages 1-22.
- Ralph Winkler, 2006. "Now or Never: Environmental Protection under Hyperbolic Discounting," CER-ETH Economics working paper series 06/60, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Winkler, Ralph, 2009. "Now or Never: Environmental Protection under Hyperbolic Discounting," Economics Discussion Papers 2009-4, Kiel Institute for the World Economy (IfW Kiel).
- repec:dau:papers:123456789/3682 is not listed on IDEAS
- de-Paz, Albert & Marín-Solano, Jesús & Navas, Jorge & Roch, Oriol, 2014.
"Consumption, investment and life insurance strategies with heterogeneous discounting,"
Insurance: Mathematics and Economics, Elsevier, vol. 54(C), pages 66-75.
- Albert de-Paz & Jesus Marin-Solano & Jorge Navas & Oriol Roch, 2012. "Consumption, investment and life insurance strategies with heterogeneous discounting," Working Papers in Economics 277, Universitat de Barcelona. Espai de Recerca en Economia.
- Caputo, Michael R., 2013. "The intrinsic comparative dynamics of infinite horizon optimal control problems with a time-varying discount rate and time-distance discounting," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 810-820.
- Marín-Solano, Jesús & Navas, Jorge, 2010.
"Consumption and portfolio rules for time-inconsistent investors,"
European Journal of Operational Research, Elsevier, vol. 201(3), pages 860-872, March.
- Jesus Marin-Solano & Jorge Navas, 2009. "Consumption and Portfolio Rules for Time-Inconsistent Investors," Papers 0901.2484, arXiv.org, revised Mar 2009.
- Karp, Larry, 2005. "Global warming and hyperbolic discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1n62c5cc, Department of Agricultural & Resource Economics, UC Berkeley.
- Cabo, Francisco & Martín-Herrán, Guiomar & Martínez-García, María Pilar, 2020. "Present bias and the inefficiency of the centralized economy: The role of the elasticity of intertemporal substitution," Economic Modelling, Elsevier, vol. 93(C), pages 702-716.
- Takeo Hori & Koichi Futagami, 2019.
"A Non‐unitary Discount Rate Model,"
Economica, London School of Economics and Political Science, vol. 86(341), pages 139-165, January.
- Koichi Futagami & Takeo Hori, 2010. "A Non-Unitary Discount Rate Model," Discussion Papers in Economics and Business 10-26, Osaka University, Graduate School of Economics.
- Karp, Larry S. & Tsur, Yacov, 2007.
"Climate Policy When the Distant Future Matters: Catastrophic Events with Hyperbolic Discounting,"
CUDARE Working Papers
7186, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Karp, Larry S. & Tsur, Yacov, 2007. "Climate Policy When The Distant Future Matters: Catastrophic Events With Hyperbolic Discounting," Discussion Papers 7181, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
- Karp, Larry & Tsur, Yacov, 2007. "Climate Policy When the Distant Future Matters: Catastrophic Events with Hyperbolic Discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt99n7v1bp, Department of Agricultural & Resource Economics, UC Berkeley.
- Reyer Gerlagh, 2012.
"Carbon Prices for the Next Thousand Years,"
Review of Environment, Energy and Economics - Re3, Fondazione Eni Enrico Mattei, August.
- Reyer Gerlagh & Matti Liski, 2012. "Carbon Prices for the Next Thousand Years," CESifo Working Paper Series 3855, CESifo.
- Carles Mañó-Cabello & Jesús Marín-Solano & Jorge Navas, 2021. "A Resource Extraction Model with Technology Adoption under Time Inconsistent Preferences," Mathematics, MDPI, vol. 9(18), pages 1-24, September.
- Terrence Iverson & Scott Denning & Sammy Zahran, 2015. "When the long run matters," Climatic Change, Springer, vol. 129(1), pages 57-72, March.
- Ken Seng Tan & Wei Wei & Xun Yu Zhou, 2018. "Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency," Papers 1807.01785, arXiv.org, revised Sep 2019.
- Karp, Larry, 2005.
"Global warming and hyperbolic discounting,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February.
- Karp, Larry, 2004. "Global Warming and Hyperbolic Discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5zh730nc, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry, 2005. "Global warming and hyperbolic discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1n62c5cc, Department of Agricultural & Resource Economics, UC Berkeley.
- Karp, Larry S., 2004. "Global Warming and Hyperbolic Discounting," CUDARE Working Papers 25069, University of California, Berkeley, Department of Agricultural and Resource Economics.
More about this item
Keywords
Differential games; Time-consistency; Dynamic bargaining; Asymmetric players; Heterogeneous discounting; Common property resource games;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:mathme:v:93:y:2021:i:3:d:10.1007_s00186-021-00742-0. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.