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Intertemporal Choice with Continuity Constraints

We consider a model of intertemporal choice where time is a continuum, the set of instantaneous outcomes (e.g., consumption bundles) is a topological space, and intertemporal plans (e.g., consumption streams) must be continuous functions of time. We assume that the agent can form preferences over plans defined on open time intervals. We axiomatically characterize the intertemporal preferences that admit a representation via discounted utility integrals. In this representation, the utility function is continuous and unique up to positive affine transformations, and the discount structure is represented by a unique Riemann–Stieltjes integral plus a unique linear functional measuring the long-run asymptotic utility.

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Informasi Detail

Judul Seri

MATHEMATICS OF OPERATIONS RESEARCH; Vol.46 No.3 August 2021

No. Panggil

-

Penerbit

: .,

Deskripsi Fisik

p. 1203 - 1229

Bahasa

English

ISBN/ISSN

-

Klasifikasi

NONE

Tipe Isi

-

Tipe Media

-

Tipe Pembawa

-

Edisi

-

Subjek

STONE-CECH COMPACTIFICATION
INTERTEMPORAL CHOICE
INTERGENERATIONAL SOCIAL CHOICE
TECHNOLOGICAL FEASIBILITY
CONTINUOUS UTILITY

Info Detail Spesifik

https://doi.org/10.1287/moor.2020.1091

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Marcus Pivato

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