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pro vyhledávání: '"Mikhail Pakhnin"'
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
Publikováno v:
SSRN Electronic Journal.
In this paper, we propose an approach to describe the behavior of naive agents with quasi-hyperbolic discounting in the neoclassical growth model. To study time-inconsistent decision making of an agent who cannot commit to future actions, we introduc
Autor:
Mikhail Pakhnin, K.Yu. Borissov
Publikováno v:
Journal of the New Economic Association. 40:32-59
In recent years, economists have shown an increasing interest in the distribution of income and wealth within a society. In particular, this is manifested in the popularity of the Thomas Piketty's book "Capital in the Twenty-First Century". Recent em
Autor:
Mikhail Pakhnin, Kirill Borissov
Publikováno v:
Economic Theory. 65:423-482
We consider two models of economic growth with exhaustible natural resources, exogenous technical progress and agents heterogeneous in their time preferences. In the first model we assume private ownership of natural resources. We show that every com
In dynamic resource allocation models, the non-existence of voting equilibria is a generic phenomenon due to the multi-dimensionality of the choice space even if agents are heterogeneous only in their discount factors. Nevertheless, at each point in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::be07cf67dfbe93ae8af7948d044750a3
Autor:
Mikhail Pakhnin, Yulia Vymyatina
The global financial crisis of 2007–2008, consequences of which continue to adversely affect the world economy, is often called a «Minsky crisis». A prominent American economist Hyman Philip Minsky studied capitalist economic system paying specia
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::819c51168ed32fb8b3b45c6a4ba83a64
https://eu.spb.ru/images/ec_dep/wp/Ec-03_14.pdf
https://eu.spb.ru/images/ec_dep/wp/Ec-03_14.pdf