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.
- Language
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Englisch
- Bibliographic citation
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Series: Discussion paper ; No. 16
- Classification
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Wirtschaft
Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General
Game Theory and Bargaining Theory: General
- Subject
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payoffs
differentiated discount factor
repeated games
- Event
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Geistige Schöpfung
- (who)
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Salonen, Hannu
Vartiainen, Hannu
- Event
-
Veröffentlichung
- (who)
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Aboa Centre for Economics (ACE)
- (where)
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Turku
- (when)
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2007
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Salonen, Hannu
- Vartiainen, Hannu
- Aboa Centre for Economics (ACE)
Time of origin
- 2007
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