Econometrica

Optimal Discounting

Noor, Jawwad and Norio Takeoka




Supplemental Material

Supplement to "Optimal Discounting"

This supplementary appendix for Noor and Takeoka [3] provides (i) a characterization for the General Discounted Utility (GDU) model both on the deterministic streams and on the streams of lotteries, (ii) a weaker definition of present equivalents in the off-diagonal approach, (iii) omitted proofs for results in Noor and Takeoka [3], and (iv) a new axiomatization result about a variant of homogeneous CE representation, called the smooth homogeneous CE model.

Read More View PDF



Back