On Impatience, Temptation & Ramsey's Conjecture

Jean-Pierre Drugeon () and Bertrand Wigniolle
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Jean-Pierre Drugeon: Paris School of Economics, https://www.parisschoolofeconomics.eu/

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: This article is aimed at exploring the implications of the introduction of self-control and temptation motives in inter temporal preferences within an elementary competitive equilibrium with production. Letting heterogeneous agents differ from both their discounting parameters and their temptation motives, this article is interested in the long-run distribution of consumptions and wealths. Results are at odds from the ones obtained in a standard Ramsey benchmark setup in that long-run distributions are commonly non degenerated ones

Keywords: Impatience; Temptation; Self-Control; Ramsey's Conjecture (search for similar items in EconPapers)
JEL-codes: E32 O41 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2015-10
New Economics Papers: this item is included in nep-dge, nep-gro and nep-mac
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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ftp://mse.univ-paris1.fr/pub/mse/CES2015/15081.pdf (application/pdf)

Related works:
Working Paper: On Impatience, Temptation & Ramsey's Conjecture (2015)
Working Paper: On Impatience, Temptation & Ramsey's Conjecture (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:15081

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