Integral-Value Models for Outcomes over Continuous Time
Publikation: Working paper
Dokumenter
- 0710
Forlagets udgivne version, 380 KB, PDF-dokument
Models of preferences between outcomes over continuous time are important for individual, corporate, and social decision making, e.g., medical treatment, infrastructure development, and environmental regulation. This paper presents a foundation for such models. It shows that conditions on preferences between real- or vector-valued outcomes over continuous time are satisfied if and only if the preferences are represented by a value function having an integral form
Originalsprog | Engelsk |
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Udgiver | Department of Economics, University of Copenhagen |
Antal sider | 38 |
Status | Udgivet - 2007 |
Bibliografisk note
JEL Classification: D11, H43, I18
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