English, Article edition: Delay aversion Ok, Efe A.; Benoît, Jean-Pierre

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Bookmark: http://trove.nla.gov.au/version/111557
Physical Description
  • article
Language
  • English

Edition details

Title
  • Delay aversion
Author
  • Ok, Efe A.
  • Benoît, Jean-Pierre
Physical Description
  • article
Notes
  • We address the following question: When can one person properly be said to be more delay averse than another? In reply, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time-inconsistent scenarios are considered.
  • Delay aversion, impatience, consumption smoothing, time consistency
  • RePEc:the:publsh:225
Language
  • English
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