Heterogeneous impatience in a continuous-time model

DOI10.1007/s11579-009-0017-yzbMath1255.91218OpenAlexW1972606728MaRDI QIDQ1932522

Chiaki Hara

Publication date: 20 January 2013

Published in: Mathematics and Financial Economics (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/2433/129574

zbMATH Keywords

impatiencerepresentative consumermarket price of riskrisk tolerancestate-price deflatorG12D81D51D53D61D91G13short-rate process

Mathematics Subject Classification ID

Cites Work

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• Why the far-distant future should be discounted at its lowest possible rate
• Representative consumer's risk aversion and efficient risk-sharing rules
• Complete monotonicity of the representative consumer's discount factor

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