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dc.contributor.authorCruz Rambaud, Salvador
dc.contributor.authorOrtiz Fernández, Piedad
dc.date.accessioned2020-03-17T11:58:43Z
dc.date.available2020-03-17T11:58:43Z
dc.date.issued2020-03-06
dc.identifier.issn2227-7390
dc.identifier.urihttp://hdl.handle.net/10835/7856
dc.description.abstractThe framework of this paper is intertemporal choice and, more specifically, the so-called delay effect. Traditionally, this anomaly, also known as decreasing impatience, has been revealed when individuals reverse their preferences over monetary or non-monetary rewards. In this manuscript, we will analyze the delay effect by using preference relations and discount functions. The treatment of the delay effect with discount functions exhibits several scenarios for this paradox. Thus, the objective of this paper is to deduce the different expressions of the delay effect and their mathematical characterizations by using discount functions in stationary and dynamic settings. In this context, subadditivity will be derived as a particular case of decreasing impatience. Finally, we will introduce a new discount function, the so-called asymmetric exponential discount function, able to describe decreasing impatience.es_ES
dc.language.isoenes_ES
dc.publisherMDPIes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectintertemporal choicees_ES
dc.subjectdelay effectes_ES
dc.subjectdecreasing impatiencees_ES
dc.subjectinconsistencyes_ES
dc.subjectdiscount functiones_ES
dc.subjectsubadditivityes_ES
dc.titleDelay Effect and Subadditivity. Proposal of a New Discount Function: The Asymmetric Exponential Discountinges_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://www.mdpi.com/2227-7390/8/3/367es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional