a time-inconsistency problem. The key elements of this equilibrium concept are: (1) agents are allowed to ignore the … commitment, but stopping short of the Ramsey outcome. The feature that the time inconsistency problem is resolved slowly over …

inconsistency …

consequentialism and construes the reversals as manifestations of time inconsistency. Another abandons consequentialism in favor of … deontological (rule-based) ethics, and thereby avoids the implication that revisions imply inconsistency. We test between these …

inconsistency. Despite being different, these two concepts have been extensively conflated and confused in Economics. I review the …

central bank to overcome the classic time-inconsistency problem. We show that the choice of a particular single mandate … rate. A relatively closed economy would adopt an inflation target to overcome the time-inconsistency problem, but a highly …

incomplete viewpoints in dealing with time inconsistency, the emerging literature of self-control game models recognizes an …

This paper blends insights about time inconsistency from two distinct literatures: behavioural economics and … these different forms of time inconsistency, and associated pre-commitment strategies, in the context of infrastructure …

Purpose: The purpose of this paper is to introduce the main measures of inconsistency in the context of intertemporal … to be received. This anomaly is known as inconsistency in intertemporal choice. Design/methodology/approach: After a …, which allows relating some other measures of inconsistency, namely the measures described by Prelec and Rohde. A limitation …