On impatience, temptation and Ramsey’s conjecture - HAL Accéder directement au contenu
Article dans une revue Economic Theory Année : 2017

On impatience, temptation and Ramsey’s conjecture

Résumé

This article explores the implications of the introduction of self-control costs and temptation motives in intertemporal preferences in an elementary competitive equilibrium. We let heterogeneous agents differ in both their discount parameters and their temptation motives, and the degree of financial-market imperfections vary, and establish their implications for the long-run value of the capital stock and the underlying long-run distribution of consumption and wealth. The results differ from those obtained in a standard Ramsey benchmark model, in that long-run distributions are commonly non-degenerate.
Loading...
Fichier non déposé

Dates et versions

hal-01307755, version 1 (26-04-2016)

Identifiants

Citer

Jean-Pierre Drugeon, Bertrand Wigniolle. On impatience, temptation and Ramsey’s conjecture. Economic Theory, 2017, 63 (1), pp.73-98. ⟨10.1007/s00199-015-0933-4⟩. ⟨hal-01307755⟩
239 Consultations
0 Téléchargements
Dernière date de mise à jour le 07/04/2024
comment ces indicateurs sont-ils produits

Altmetric

Partager

Gmail Facebook Twitter LinkedIn Plus