کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7367675 1479257 2016 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Characterization of stationary preferences in a continuous time framework
ترجمه فارسی عنوان
خصوصیات تنظیمات ثابت در یک چارچوب زمانی مداوم
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
چکیده انگلیسی
We characterize preference relations on continuous time consumption paths which admit an exponential discounting representation. We provide two theorems as such, one in the cardinal framework and another in the ordinal framework. Our characterizations parallel the known characterizations in discrete time framework. In the cardinal framework, we adopt the axioms of Epstein (1983), which characterize a stationary preference relation in discrete time, and obtain the exponential discounting model as a special case of the discounting model proposed by Uzawa (1968). In the ordinal framework, we adopt the axioms of Bleichrodt et al. (2008) which were proposed to generalize Koopmans' classical characterization of stationary preferences.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 63, March 2016, Pages 34-43
نویسندگان
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