Regime Switching in Dynamic Games with Hyperbolic Discounting

Regime Switching in Dynamic Games with Hyperbolic Discounting

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Intro

1 of 13

1 of 13

Intro

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Regime Switching in Dynamic Games with Hyperbolic Discounting

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  1. 1 Intro
  2. 2 Motivation
  3. 3 Outline of the presentation
  4. 4 Previous works endogenous regime shifts with standard discounting
  5. 5 Previous works: endogenous regime shifts with time-inconsistent temporal preferences
  6. 6 A reminder: time consistent strategies with non-constant discounting
  7. 7 Heterogeneous discounting
  8. 8 Dynamic programming equation (DPE) in continuous time
  9. 9 Cooperative solutions in a two-player differential game
  10. 10 The switching point: a non totally rational proposal
  11. 11 Numerical example: A resource extraction model with technology adoption
  12. 12 Numerical example: New product introduction
  13. 13 Previous works: Endogenous regime swifts. Several decision makers. Standard discounting

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