Article ID Journal Published Year Pages File Type
5061994 Economics Letters 2008 4 Pages PDF
Abstract

We study repeated prize allocation when the discount factors of the agents are unequal. The feasible set of payoffs behaves badly: the Pareto frontier is everywhere discontinuous and there is an open subset of (high) discount factors under which the feasible set is totally disconnected.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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