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K. J. Lancaster, “An Axiomatic Theory of Consumer Time Preference,” International Economic Review, Vol. 4, No. 2, 1963, pp. 221-231. doi:10.2307/2525488

has been cited by the following article:

• TITLE: A Consistent Relaxation of the Consumption Invariant Rate in the Discounted-Utility Model

  AUTHORS: Mehraj Bin Yasaar Parouty, Sipke Visser, Maarten Jacobus Postma

  KEYWORDS: Matrix Algebra; Discount Rate; Health-Economics

  JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.5A, August 26, 2013

  ABSTRACT: The main theoretical contribution of this paper is a mechanical result that relates growth rates across n commodities. We examplify through a 2-commodity economy of health and money where the results of current health economic theory are confirmed using this technology. The applications are, however, broad; both with regards to spacial discount rates by making relevant assumptions about interpersonal/international comparability and to sustainable growth by envisioning scenarios for the future.