Dynamic Choices of Hyperbolic Consumers

By C. Harris, David Laibson. 2001

516 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/0810d82e18f754442113954483751bc4cc23f9e5

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Citations in the corpus

Declining Discount Rates: The Long and the Short of it (2005, background): “Harris and Laibson (2001, 2003) extend this work to model buffer-stock saving.”
Dowry and Intrahousehold Bargaining (2003, background): “However, if preferences are time-inconsistent, i.e., if the household discount rate is hyperbolic (Angeletos, 2001; Harris and Laibson, 2001), then the sex composition of older children may play a larger role in determining dowry and brideprice than the sex composition of younger children given…”
Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010, unknown): “Even though an Euler equation for this model has been derived, its empirical use is limited, because it involves the marginal propensity to consume out of wealth (Harris and Laibson, 2001).”
Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility (2010, unknown): “…instead of linear then falsely 1 Examples of applications based on quasi-hyperbolic discounting include Laibson (1997), Bernheim et al. (2001), Harris and Laibson (2001), Krusell and Smith (2003), and Salanié and Treich (2006) for saving, O'Donoghue and Rabin (1999) and Brocas and Carrillo…”
Decreasing Impatience: A Criterion for Non-Stationary Time Preference and 'Hyperbolic' Discounting (2004, background): “Recent applications to economic theory include Benabou and Tirole (2002), Brocas and Carrillo (2000, 2001), Gruber and Koszegi (2001), Harris and Laibson (2001) and O’Donoghue and Rabin (2001).”
Payday Loans, Uncertainty and Discounting: Explaining Patterns of Borrowing, Repayment, and Default (2008, unknown): “…in order to nd the Markov Perfect Equilibrium decision rules.10 Hyperbolic discount functions can produce value functions that are discontinuous and policy functions that are discontinuous and non-monotonic but, as in our application, su¢ cient noise ensures smoothness (Harris and Laibson 2001).”
Being serious about non-commitment: subgame perfect equilibrium in continuous time (2006, background): “The case when time is discrete, t1 = 0, t2, ..., tn−1, tn = T , has been investigated by many authors, for instance Strotz [32] , Pollak [29], Peleg and Yaari [27], Phelps and Pollak [28], and more recently, Laibson [20].”
Time Inconsistency in the Credit Card Market (2004, background): “(Krusell and Smith 2000, Harris and Laibson 2001a).”
Subjective Discounting in an Exchange Economy (2003, methodology): “…p d exp ( rt) (3) for all The corresponding discrete-time discount factors can bet 1 0. written as for some positive b and all These are thend p d b n 1 0.n discount factors used by Phelps and Pollak (1968) and more recently by Laibson (1994, 1997), Harris and Laibson (2001), and many others.”