On Multiple Time-Varying Discount Rates with Recursive Time-Dependent Orders
This study addresses time-dependent orders that lead to recursive representations based on a Max-Min configuration.
The article introduces and analyzes a structure that is combined with a time-varying multiple discounts. This setup contributes
to the understanding of the much discussed present biases. A representation result
for robust orders is also presented.
Keywords: Discounts, Multiple Present Biases Axiomatization, Time-Dependent Orders, Time-Varying Multiple
JEL Classification: D11, D15, D90.