| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062396 | Economics Letters | 2007 | 8 Pages |
Abstract
This paper derives the 'generalized Euler equation' for an agent with multi-period deviations from geometric discounting. The functional equation that describes optimal consumption-savings decisions involves manipulation of future selves and indirect manipulation of more distant selves through intervening selves.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Eric R. Young,