Zuber (Theory Decis 70(3):367–384, 2011), and Jackson and Yariv (Am Econ Rev 104(12):4184–4204, 2014; Am Econ J Microecon 7(4):150–178, 2015) showed that when people disagree not only on tastes over per-period outcomes but also on time discounting, the only option is dictatorship.

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Social Decision Making over Time

  • Takashi Hayashi

摘要

Zuber (Theory Decis 70(3):367–384, 2011), and Jackson and Yariv (Am Econ Rev 104(12):4184–4204, 2014; Am Econ J Microecon 7(4):150–178, 2015) showed that when people disagree not only on tastes over per-period outcomes but also on time discounting, the only option is dictatorship.