Dynamic Preferences, Choice Mechanisms, and Welfare
For most economic aspects of human behaviour, static deci sion models provide an insufficient description. More specifically, they ignore the fact that preferences may change over time and that at each point of time current preferences depend on aspects which are associated with the past or the fut...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1998, 1998
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| Edition: | 1st ed. 1998 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1 Introduction
- I A Survey of Intertemporal Choice under Certainty
- 2 Elements of Intertemporal Choice
- 3 Myopic Utility Models
- 4 Additive Utility Models
- 5 Recursive Utility Models
- 6 Universal Utility Models
- II Preferences, Choice, and Welfare in Universal Utility Models
- 7 Elementary Aspects of Choice in Universal Utility Models
- 8 Properties of Dynamic Choice Functions
- 9 Welfare Judgements
- 10 Conditions for Stability, Ordinality, and Contractibility
- 11 An Extension to Uncertainty
- 12 Concluding Remarks
- Appendix A
- Appendix B
- References
- List of Symbols
- List of Figures