Arbeitspapier
Valuating Payoff Streams under Unequal Discount Factors
We study repeated prize allocation problem when the discount factors f the agents are not equal. It is shown that the feasible set of payoffs is not well behaved. In particular, it is not convex as it contains holes and caves. The Pareto frontier is everywhere discontinuous and there is an open subset of discount factors such that the feasible set is totally disconnected.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion paper ; No. 16
- Klassifikation
-
Wirtschaft
Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General
Game Theory and Bargaining Theory: General
- Thema
-
payoffs
differentiated discount factor
repeated games
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Salonen, Hannu
Vartiainen, Hannu
- Ereignis
-
Veröffentlichung
- (wer)
-
Aboa Centre for Economics (ACE)
- (wo)
-
Turku
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Salonen, Hannu
- Vartiainen, Hannu
- Aboa Centre for Economics (ACE)
Entstanden
- 2007
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