Pareto criterion and long-term perspective criterion under myopic discounting

• المؤلفون الرئيسيون: Kang, Minwook, Wang, Lei
• مؤلفون آخرون: School of Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2019
• الموضوعات: Pareto Criterion; Long-term Perspective Criterion; Social sciences::Economic development
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/90015; http://hdl.handle.net/10220/49376; https://econpapers.repec.org/article/eblecbull/eb-18-00794.htm

Under myopic discounting, which encompasses the famous psychological and economics model, hyperbolic discounting preferences, this paper shows that efficiency by the Pareto criterion is a sufficient condition for efficiency by the long-term perspective criterion. This result provides additional just...