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Chapter 3 introduces the twin concepts of impatience and discounting. The optimal path of consumption is derived for a three-period model in which future consumption is discounted.

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Impatience

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  • 发表日期：

    2025年

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  • Gerald Shively

摘要

Chapter 3 introduces the twin concepts of impatience and discounting. The optimal path of consumption is derived for a three-period model in which future consumption is discounted.