Inter-temporal discounting and uniform impatience
Myrian Petrassi and
Juan Pablo Torres-Martinez ()
No 555, Textos para discussão from Department of Economics PUC-Rio (Brazil)
The uniform impatience hypothesis, a joint requirement on endowments and preferences, was imposed in the literature to prove equilibrium existence in infinite horizon sequential economies. In this note, we characterize this assumption in terms of asymptotic properties on inter-temporal discount factors.
Keywords: Uniform impatience; inter-temporal discounting. JEL Codes: D50; D52. (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:rio:texdis:555
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