Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061994 | Economics Letters | 2008 | 4 Pages |
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.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Hannu Salonen, Hannu Vartiainen,