Time consistency of optimal plans: an elementary primer

Time consistent optimal plans are defined within the context of a simple, discrete time optimal control framework. Three possible sources of inconsistency are identified and discussed with reference to the literature.

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Year of publication:	1984
Authors:	Stutzer, Michael J.
Institutions:	Federal Reserve Bank of Minneapolis

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Extent:	application/pdf
Series:	Staff Report.
Type of publication:	Book / Working Paper
Notes:	Number 91
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005367736