How the future shapes consumption with time-inconsistent preferences

DOI10.1515/bejte-2022-0115OpenAlexW4390348053MaRDI QIDQ6131142

James A. Feigenbaum, Sepideh Raei

Publication date: 4 April 2024

Published in: The B. E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1515/bejte-2022-0115

zbMATH Keywords

time-inconsistent preferencespresent biaswelfare comparisonconsumption humpcommitment mechanisms

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Cites Work

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• Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis
• Golden Eggs and Hyperbolic Discounting
• Saving and Dissaving With Hyperbolic Discounting
• Instantaneous Gratification *
• Consumption Over the Life Cycle
• Lifecycle consumption and welfare with nonexponential discounting in continuous time

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