Pareto criterion and long-term perspective criterion under myopic discounting
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...
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| 格式: | Article |
| 語言: | English |
| 出版: |
2019
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| 在線閱讀: | https://hdl.handle.net/10356/90015 http://hdl.handle.net/10220/49376 https://econpapers.repec.org/article/eblecbull/eb-18-00794.htm |
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