STATIONARY UTILITY AND TIME PREFERENCE

作者: Peter A Diamond , Richard E Williamson , Tjalling C Koopmans

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摘要: Abstract : the concept of stationary utility and time performance was studied. Results show that, in any given quasi-cardinal scale, among all program pairs subjected to a postponement, equality differences before after postponement can only be some sense an exceptional case, whereas shrinkage difference occurs average sense.

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