Inter-temporal discounting and uniform impatience

Mario Pascoa, Myrian Petrassi and Juan Pablo Torres-Martinez

No 555, Textos para discussão from Department of Economics PUC-Rio (Brazil)

Abstract: 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)
Pages: 5p
Date: 2008-01
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