메뉴 건너뛰기




Volumn 34, Issue 2, 2008, Pages 389-393

Arbitrage opportunities in frictionless markets with sophisticated investors

Author keywords

Arbitrage; Equilibrium; Time inconsistent preferences

Indexed keywords


EID: 36348973449     PISSN: 09382259     EISSN: 14320479     Source Type: Journal    
DOI: 10.1007/s00199-006-0183-6     Document Type: Article
Times cited : (2)

References (27)
  • 1
    • 0002562429 scopus 로고
    • Procrastination and obedience
    • Akerlof G.A. (1991) Procrastination and obedience. Am Econ Rev 81, 1-19
    • (1991) Am Econ Rev , vol.81 , pp. 1-19
    • Akerlof, G.A.1
  • 2
    • 0038893702 scopus 로고    scopus 로고
    • Behavioral macroeconomics and macroeconomic behavior
    • Akerlof G.A. (2002) Behavioral macroeconomics and macroeconomic behavior. Am Econ Rev 92, 411-433
    • (2002) Am Econ Rev , vol.92 , pp. 411-433
    • Akerlof, G.A.1
  • 3
  • 4
    • 0039130984 scopus 로고    scopus 로고
    • Ramsey meets Laibson in the neoclassical growth model
    • Barro R.J. (1999) Ramsey meets Laibson in the neoclassical growth model. Q J Econ 114, 1125-1152
    • (1999) Q J Econ , vol.114 , pp. 1125-1152
    • Barro, R.J.1
  • 5
    • 22944459191 scopus 로고    scopus 로고
    • Modeling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption-saving decisions
    • Benhabib J., Bisin A. (2005) Modeling internal commitment mechanisms and self-control: a neuroeconomics approach to consumption-saving decisions. Games Econ Behav 52, 460-492
    • (2005) Games Econ Behav , vol.52 , pp. 460-492
    • Benhabib, J.1    Bisin, A.2
  • 6
    • 2542591648 scopus 로고    scopus 로고
    • Contract design and self-control: Theory and evidence
    • DellaVigna S., Malmendier U. (2004) Contract design and self-control: theory and evidence. Q J Econ 119, 353-402
    • (2004) Q J Econ , vol.119 , pp. 353-402
    • Dellavigna, S.1    Malmendier, U.2
  • 7
    • 0041109884 scopus 로고    scopus 로고
    • Time discounting and time preference: A critical review
    • Frederick S., Loewenstein G.F., O'Donoghue T. (2002) Time discounting and time preference: a critical review. J Econ Lit 40, 351-401
    • (2002) J Econ Lit , vol.40 , pp. 351-401
    • Frederick, S.1    Loewenstein, G.F.2    O'Donoghue, T.3
  • 8
    • 0001711629 scopus 로고    scopus 로고
    • Temptation and self-control
    • Gul F., Pesendorfer W. (2001) Temptation and self-control. Econometrica 69, 1403-1435
    • (2001) Econometrica , vol.69 , pp. 1403-1435
    • Gul, F.1    Pesendorfer, W.2
  • 9
    • 0001515936 scopus 로고    scopus 로고
    • Dynamic choices of hyperbolic consumers
    • Harris C., Laibson D.I. (2001) Dynamic choices of hyperbolic consumers. Econometrica 69, 935-957
    • (2001) Econometrica , vol.69 , pp. 935-957
    • Harris, C.1    Laibson, D.I.2
  • 10
    • 33749417564 scopus 로고    scopus 로고
    • Time-inconsistent preferences in a general equilibrium model
    • Herings P.J.J., Rohde K.I.M. (2006) Time-inconsistent preferences in a general equilibrium model. Econ Theory 29, 591-619
    • (2006) Econ Theory , vol.29 , pp. 591-619
    • Herings, P.J.J.1    Rohde, K.I.M.2
  • 11
    • 0037276986 scopus 로고    scopus 로고
    • Consumption-savings decisions with quasi-geometric discounting
    • Krusell P., Smith A.A. (2003) Consumption-savings decisions with quasi-geometric discounting. Econometrica 71, 365-375
    • (2003) Econometrica , vol.71 , pp. 365-375
    • Krusell, P.1    Smith, A.A.2
  • 12
    • 0036074214 scopus 로고    scopus 로고
    • Equilibrium welfare and government policy with quasi-geometric discounting
    • Krusell P., Kuruşçu B., Smith A.A. (2002) Equilibrium welfare and government policy with quasi-geometric discounting. J Econ Theory 105, 42-72
    • (2002) J Econ Theory , vol.105 , pp. 42-72
    • Krusell, P.1    Kuruşçu, B.2    Smith, A.A.3
  • 13
    • 0038969032 scopus 로고    scopus 로고
    • Golden eggs and hyperbolic discounting
    • Laibson D.I. (1997) Golden eggs and hyperbolic discounting. Q J Econ 112, 443-477
    • (1997) Q J Econ , vol.112 , pp. 443-477
    • Laibson, D.I.1
  • 14
    • 0011577086 scopus 로고
    • New thoughts about inferior goods
    • Liebhafsky H.H. (1969) New thoughts about inferior goods. Am Econ Rev 59, 931-934
    • (1969) Am Econ Rev , vol.59 , pp. 931-934
    • Liebhafsky, H.H.1
  • 15
    • 84960566726 scopus 로고
    • Anomalies in intertemporal choice: Evidence and an interpretation
    • Loewenstein G.F., Prelec D. (1992) Anomalies in intertemporal choice: evidence and an interpretation. Q J Econ 107, 573-597
    • (1992) Q J Econ , vol.107 , pp. 573-597
    • Loewenstein, G.F.1    Prelec, D.2
  • 16
    • 0344944817 scopus 로고    scopus 로고
    • Projection bias in predicting future utility
    • Loewenstein G.F., O'Donoghue T., Rabin M. (2003) Projection bias in predicting future utility. Q J Econ 118, 1209-1248
    • (2003) Q J Econ , vol.118 , pp. 1209-1248
    • Loewenstein, G.F.1    O'Donoghue, T.2    Rabin, M.3
  • 17
    • 0344120782 scopus 로고    scopus 로고
    • Subjective discounting in an exchange economy
    • Luttmer E.G.J., Mariotti T. (2003) Subjective discounting in an exchange economy. J Polit Econ 111, 1-30
    • (2003) J Polit Econ , vol.111 , pp. 1-30
    • Luttmer, E.G.J.1    Mariotti, T.2
  • 18
    • 0038957677 scopus 로고    scopus 로고
    • Doing it now or later
    • O'Donoghue T., Rabin M. (1999a) Doing it now or later. Am Econ Rev 89, 103-124
    • (1999) Am Econ Rev , vol.89 , pp. 103-124
    • O'Donoghue, T.1    Rabin, M.2
  • 19
    • 0039552115 scopus 로고    scopus 로고
    • Incentives for procrastinators
    • O'Donoghue T., Rabin M. (1999b) Incentives for procrastinators. Q J Econ 114, 769-816
    • (1999) Q J Econ , vol.114 , pp. 769-816
    • O'Donoghue, T.1    Rabin, M.2
  • 20
    • 84963075943 scopus 로고
    • On second-best national saving and game-equilibrium growth
    • Phelps E.S., Pollak R.A. (1968) On second-best national saving and game-equilibrium growth. Rev Econ Stud 35, 185-199
    • (1968) Rev Econ Stud , vol.35 , pp. 185-199
    • Phelps, E.S.1    Pollak, R.A.2
  • 21
    • 84963066478 scopus 로고
    • Consistent planning
    • Pollak R.A. (1968) Consistent planning. Rev Econ Stud 35, 201-208
    • (1968) Rev Econ Stud , vol.35 , pp. 201-208
    • Pollak, R.A.1
  • 22
    • 0000083025 scopus 로고
    • Existence of equilibrium of plans, prices, and price expectations in a sequence of markets
    • Radner R. (1972) Existence of equilibrium of plans, prices, and price expectations in a sequence of markets. Econometrica 40, 289-303
    • (1972) Econometrica , vol.40 , pp. 289-303
    • Radner, R.1
  • 23
    • 0344549753 scopus 로고    scopus 로고
    • 'Economics and psychology'? the case of hyperbolic discounting
    • Rubinstein A. (2003) 'Economics and psychology'? The case of hyperbolic discounting. Int Econ Rev 44, 1207-1216
    • (2003) Int Econ Rev , vol.44 , pp. 1207-1216
    • Rubinstein, A.1
  • 24
    • 0001931285 scopus 로고
    • Self-command in practice, in policy, and in a theory of rational choice
    • Schelling T.C. (1984) Self-command in practice, in policy, and in a theory of rational choice. Am Econ Rev 74, 1-11
    • (1984) Am Econ Rev , vol.74 , pp. 1-11
    • Schelling, T.C.1
  • 25
    • 84963071606 scopus 로고
    • Myopia and inconsistency in dynamic utility maximization
    • Strotz R.H. (1956) Myopia and inconsistency in dynamic utility maximization. Rev Econ Stud 23, 165-180
    • (1956) Rev Econ Stud , vol.23 , pp. 165-180
    • Strotz, R.H.1
  • 26
    • 1842832021 scopus 로고    scopus 로고
    • Save more tomorrow: Using behavioral economics to increase employee saving
    • Thaler R.H., Benartzi S. (2004) Save more tomorrow: using behavioral economics to increase employee saving. J Polit Econ 112, 164-187
    • (2004) J Polit Econ , vol.112 , pp. 164-187
    • Thaler, R.H.1    Benartzi, S.2
  • 27
    • 0000809570 scopus 로고
    • An economic theory of self-control
    • Thaler R.H., Shefrin H.M. (1981) An economic theory of self-control. J Polit Econ 89, 392-406
    • (1981) J Polit Econ , vol.89 , pp. 392-406
    • Thaler, R.H.1    Shefrin, H.M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.