Medicare beneficiaries used prescription drug discount cards, both Medicare and non-Medicare cards, to assist them in paying for the cost of prescription drugs. This article describes the beneficiary's awareness and understanding, sources of information, and experience with drug discount cards a year prior and during the implementation of the Medicare-Approved Prescription Drug Discount Card pr...

there is a long tradition in economics about the question of whether intergenerational discounting is fair or not. ramsey (1928) was the first economist that criticized the discounting and mentioned that the just rate of discounting is zero.  in this paper it was tried to calculate the just rate of discounting for iran with respect to islamic thoughts. according to islam, intergenerational just...

Using data from financial reorganization plans filed by insolvent Canadian firms, we estimate the discount rate implicit in the unsecured creditors' reorganization decision. Using (HARA) utility functions, we find the implicit monthly discount rate of creditors to be 4.9%, which corresponds to an annual discount rate of 77%. This is 7 to 10 times higher than discount rates used in previous empi...

This paper reexamines the time consistency of discount functions as analyzed by Strotz (1956) and Koopmans (1960). Following on an observation by Heal (1998) regarding the time consistency of logarithmic discounting, I fully characterize the class of time consistent—but not necessarily autonomous—discount functions. I use my findings to explain an apparent “paradox” in the use of the gamma disc...

Which rates should we use to discount costs and benefits of different nature at different time horizons? We answer to this question by considering a representative agent consuming two goods whose availability evolves over time in a stochastic way. We extend the Ramsey rule by taking into account of the degree of substitutability between the two goods and of the uncertainty surrounding the econo...

This paper discusses the tough love model of intergenerational altruism we developed and some of on-going empirical research on tough love behavior in survey data collected in Japan and United States. The tough love model modifies the Barro-Becker standard altruism model in two ways. First, the child’s discount factor is endogenously determined, so that low consumption at young age leads to a h...

We examine the effects o subscription behavior and wealth transferring controlled by larger shareholders on price discount of private placement. Price discount of private placement and wealth transferring effect exhibits a significant trend when larger shareholders subscribe more private placement shares. Shares proportion subscribed by larger shareholders, shares size of private placement and ...

Recommender systems help users to encounter information or items that are of interest to them. Prior work on recommender systems has focused on eliciting preferences for items and neglected the personal traits in discount sensitivity. In this paper, we propose a recommender system that incorporates the influence of discounts. The effectiveness of the model is verified using a public retail data...

In this paper we discuss the sensitive discount opti-mality for Markov decision processes. The n-discount optimality is a reened selective criterion, that is a generalization of the average optimality and the bias optimality. Our approach is based on the system of nested linear programs. In the last section we provide an algorithm for the computation of the Blackwell optimal policy. The n-disco...

This paper examines the Department of Energy’s (DOE) reliance on low discount rates to estimate the benefits of its energy efficiency standards and uses existing literature on implicit consumer discount rates to calculate a range of benefits for DOE’s furnace fan rule. While DOE calculates large net benefits from its energy efficiency rule, using discount rates that better represent average con...