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On the Role of Separability Assumptions in Determining Impatience Implications
H. Stuart Burness
Abstract
The impatience implications of continuous time utility indicators are interesting to the extent that they differ from the discrete time results. The class of traditional integral utility indicators are considered and impatience implications are shown to depend on the different convergence implications of the continuous time case. The stronger separability assumptions of continuous time utility indicators allow a weakening of compactness assumptions often required to demonstrate impatience.
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