Time preference and international trade
Time preference and international trade
复制标题
时间偏好与国际贸易
DOI：
10.1111/ijet.12291
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发表时间：
2020
影响因子：
0.5
通讯作者：
Nishimura Kazuo
中科院分区：
文献类型：
--
作者：
Iwasa Kazumichi;Nishimura Kazuo
我们首先考虑一个封闭模型，其中家庭的时间折扣取决于消费的外部性。我们可以证明存在一个唯一的稳态，也就是鞍点。然后，我们将该模型推广到两国世界，并推导出消费外部性效应的条件，在该条件下存在唯一的具有鞍点稳定的自由贸易稳态。
We first consider a closed model, where households' time discount depends on externality in consumption. We can prove that there is a unique steady state, which is a saddle point. Then we extend the model to a two‐country world, and derive the condition on the effects of consumption externality under which there is a unique free trade steady state with saddle‐point stability.