time-inconsistency and free-riding problems which render such a social contract infeasible and result in a subotimally low …

This paper derives the econometric restrictions imposed by the Barro and Gordon (1983) model of dynamic time … inconsistency on a bivariate time-series model of Consumer Price Index (CPI) inflation and real Gross Domestic Product (GDP), and …

In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets …

the potential for time-inconsistency. Under Case Law, Courts may be tempted to behave myopically and neglect ex … matures this temptation prevails and Case Law Courts succumb to the time-inconsistency problem. Statute Law, on the other hand … pairs the lack of flexibility with the ability to commit in advance to a given (forward looking) rule. This solves the time-inconsistency …

Using students' predicted and unpredicted delays in midterm preparation as measures of time-inconsistency and self … the actual time spent in preparation. Most students showed some time-inconsistency. Most were at least partially aware of … their time-inconsistency. Despite full awareness, the sophisticates still under-performed in class relative to the time …

In the presence of a time-inconsistency problem with optimal agency contracts, we show that competitive markets …