{"id":"https://openalex.org/W2118977044","doi":"https://doi.org/10.1086/430853","title":"Aggregation of Heterogeneous Time Preferences","display_name":"Aggregation of Heterogeneous Time Preferences","publication_year":2005,"publication_date":"2005-07-25","ids":{"openalex":"https://openalex.org/W2118977044","doi":"https://doi.org/10.1086/430853","mag":"2118977044"},"language":"en","primary_location":{"id":"doi:10.1086/430853","doi":"https://doi.org/10.1086/430853","is_oa":false,"landing_page_url":"https://doi.org/10.1086/430853","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012878443","display_name":"Christian Gollier","orcid":"https://orcid.org/0000-0001-7277-5532","observed_orcids":["https://orcid.org/0000-0001-7277-5532"]},"institutions":[{"id":"https://openalex.org/I4405258862","display_name":"Universit\u00e9 de Toulouse","ror":"https://ror.org/01ahyrz84","country_code":"FR","type":"education","lineage":["https://openalex.org/I4405258862"]}],"countries":["FR"],"is_corresponding":false,"raw_author_name":"Christian Gollier","raw_affiliation_strings":["University of Toulouse"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Toulouse","institution_ids":["https://openalex.org/I4405258862"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5023887452","display_name":"Richard Zeckhauser","orcid":"https://orcid.org/0000-0002-4222-9546","observed_orcids":["https://orcid.org/0000-0002-4222-9546"]},"institutions":[{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Richard Zeckhauser","raw_affiliation_strings":["Harvard University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Harvard University","institution_ids":["https://openalex.org/I136199984"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":22.0924,"has_fulltext":false,"cited_by_count":199,"citation_normalized_percentile":{"value":0.99239135,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":100},"biblio":{"volume":"113","issue":"4","first_page":"878","last_page":"896"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.0071000000461936,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0020000000949949026,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/heterogeneous-time-preferences","display_name":"heterogeneous time preferences","score":0.8870000243186951},{"id":"https://openalex.org/keywords/discount-factor","display_name":"discount factor","score":0.515999972820282},{"id":"https://openalex.org/keywords/decreasing-absolute-risk-aversion","display_name":"decreasing absolute risk aversion","score":0.7630000114440918},{"id":"https://openalex.org/keywords/efficient-allocation","display_name":"efficient allocation","score":0.6740000247955322},{"id":"https://openalex.org/keywords/shadow-prices","display_name":"shadow prices","score":0.9390000104904175},{"id":"https://openalex.org/keywords/representative-agent","display_name":"representative agent","score":0.6600000262260437},{"id":"https://openalex.org/keywords/consumer-heterogeneity","display_name":"consumer heterogeneity","score":0.32100000977516174}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8074761629104614},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.5999979376792908},{"id":"https://openalex.org/C6177178","wikidata":"https://www.wikidata.org/wiki/Q10998070","display_name":"Discounting","level":2,"score":0.5737043023109436},{"id":"https://openalex.org/C139748260","wikidata":"https://www.wikidata.org/wiki/Q3308839","display_name":"Shadow price","level":2,"score":0.5578107237815857},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.544953465461731},{"id":"https://openalex.org/C178562925","wikidata":"https://www.wikidata.org/wiki/Q186412","display_name":"Time preference","level":2,"score":0.5189618468284607},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5061981081962585},{"id":"https://openalex.org/C2777027219","wikidata":"https://www.wikidata.org/wiki/Q1284190","display_name":"Constant (computer programming)","level":2,"score":0.4842531383037567},{"id":"https://openalex.org/C129915516","wikidata":"https://www.wikidata.org/wiki/Q17083550","display_name":"Risk aversion (psychology)","level":3,"score":0.45053479075431824},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4329301714897156},{"id":"https://openalex.org/C205706631","wikidata":"https://www.wikidata.org/wiki/Q2319304","display_name":"Expected utility hypothesis","level":2,"score":0.20913144946098328},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.20295488834381104},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.12683382630348206},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.06667733192443848},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0615919828414917},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C126255220","wikidata":"https://www.wikidata.org/wiki/Q141495","display_name":"Mathematical optimization","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1086/430853","doi":"https://doi.org/10.1086/430853","is_oa":false,"landing_page_url":"https://doi.org/10.1086/430853","pdf_url":null,"source":{"id":"https://openalex.org/S95323914","display_name":"Journal of Political Economy","issn_l":"0022-3808","issn":["0022-3808","1537-534X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","ki-jl-2","norway-2","poland-200","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315672","host_organization_name":"University of Chicago Press","host_organization_lineage":["https://openalex.org/P4310315672","https://openalex.org/P4310315690"],"host_organization_lineage_names":["University of Chicago Press","University of Chicago"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Political Economy","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.115.7964","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.115.7964","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://ksghome.harvard.edu/~.RZeckhauser.Academic.ksg/aggregation_of_heterogeneous_time_preferences.pdf","raw_type":"text"},{"id":"pmh:oai:HAL:hal-00079305v1","doi":null,"is_oa":false,"landing_page_url":"https://hal.science/hal-00079305","pdf_url":null,"source":{"id":"https://openalex.org/S4306402512","display_name":"HAL","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405252976","host_organization_name":"Centre pour la Communication Scientifique Directe","host_organization_lineage":["https://openalex.org/I4405252976"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Journal of Political Economy, 2005, 113, pp.878-898","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6299999952316284,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W107745096","https://openalex.org/W1511413465","https://openalex.org/W1597287742","https://openalex.org/W1963883253","https://openalex.org/W1967232224","https://openalex.org/W1973563023","https://openalex.org/W1998503232","https://openalex.org/W2050290869","https://openalex.org/W2064638631","https://openalex.org/W2066281032","https://openalex.org/W2082018848","https://openalex.org/W2083697222","https://openalex.org/W2087923742","https://openalex.org/W2118052532","https://openalex.org/W2119116152","https://openalex.org/W2139823358","https://openalex.org/W2142105585","https://openalex.org/W2145107370","https://openalex.org/W2148111566","https://openalex.org/W2154142805","https://openalex.org/W3125306008","https://openalex.org/W4249897045","https://openalex.org/W4293583243"],"related_works":["https://openalex.org/W1511957298","https://openalex.org/W4233704470","https://openalex.org/W7096282031","https://openalex.org/W2930576522","https://openalex.org/W1565137294","https://openalex.org/W1602037563","https://openalex.org/W3179257743","https://openalex.org/W7096447435","https://openalex.org/W3122758747","https://openalex.org/W1583491325"],"abstract_inverted_index":{"We":[0,15,34,68],"examine":[1],"an":[2],"economy":[3],"whose":[4],"consumers":[5],"have":[6,57,78],"different":[7],"discount":[8,45,60],"factors":[9],"for":[10],"utility,":[11],"possibly":[12],"not":[13],"exponential.":[14],"characterize":[16],"the":[17,26,39,74],"properties":[18],"of":[19,22,25,53,81],"efficient":[20],"allocations":[21],"resources":[23],"and":[24,62],"shadow":[27],"prices":[28],"that":[29,38,72,83],"would":[30],"decentralize":[31],"such":[32],"allocations.":[33],"show":[35],"in":[36],"particular":[37],"representative":[40,75],"agent":[41,76],"has":[42],"a":[43,54,58,79],"decreasing":[44,63],"rate":[46,61,80],"when,":[47],"as":[48],"is":[49],"usually":[50],"posited,":[51],"all":[52],"group\u2019s":[55],"members":[56],"constant":[59],"absolute":[64],"risk":[65],"aversion":[66],"preferences.":[67],"also":[69],"identify":[70],"conditions":[71],"lead":[73],"to":[77],"impatience":[82],"decreases":[84],"with":[85],"gross":[86],"domestic":[87],"product":[88],"per":[89],"capita.":[90]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":12},{"year":2020,"cited_by_count":10},{"year":2019,"cited_by_count":11},{"year":2018,"cited_by_count":9},{"year":2017,"cited_by_count":11},{"year":2016,"cited_by_count":15},{"year":2015,"cited_by_count":14},{"year":2014,"cited_by_count":12},{"year":2013,"cited_by_count":19},{"year":2012,"cited_by_count":11}],"updated_date":"2026-10-25T09:29:13.331239","created_date":"2016-06-24T00:00:00"}
