Search Results - subject:"Time consistency"

Harstad, Bård; Storesletten, Kjetil - 2023

This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...

Persistent link: https://www.econbiz.de/10014307153

Capital investment, business behaviour, and the macroeconomy

Baddeley, Michelle - In: The economic and labour relations review : ELRR 34 (2023) 1, pp. 35-50

Persistent link: https://www.econbiz.de/10014308692

Time-consistent fair social choice

Miyagishima, Kaname - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 3, pp. 941-964

axioms of Pareto principle, time consistency, and equity requiring society to reduce inequality regardless of the past. We … we introduce another form of equity that takes the past into consideration and is compatible with time consistency. Using … this form of equity and time consistency, we characterize maximin and leximin social welfare criteria that are history-dependent. …

Persistent link: https://www.econbiz.de/10014325247

Interim deadline for procrastinators

Razumovskii, Artem - 2023

Persistent link: https://www.econbiz.de/10014433533

Dynamic inconsistency under ambiguity : an experiment

Caferra, Rocco; Hey, John Denis; Morone, Andrea; … - In: Journal of risk and uncertainty 67 (2023) 3, pp. 215-238

Persistent link: https://www.econbiz.de/10014502508

Time-consistent fiscal policy under heterogeneity : conflicting or common interests?

Angelopulos, Kōnstantinos; Malley, James R.; … - 2023

This paper studies the aggregate and distributional implications of Markov-perfect taxspending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10014260607

Buying or performing abatement : environmental policy and welfare when commitment is (not) credible

D'Amato, Alessio; Sestini, Roberta - 2023

Persistent link: https://www.econbiz.de/10014545311

Time-inconsistent bargaining and cross-commitments

Utset, Manuel A. - In: Games 14 (2023) 3, pp. 1-21

The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...

Persistent link: https://www.econbiz.de/10014422534

Generalized hyperbolic discounting in security games of timing

Merlevede, Jonathan; Johnson, Benjamin; Grossklags, Jens; … - In: Games 14 (2023) 6, pp. 1-52

In recent years, several high-profile incidents have spurred research into games of timing. A framework emanating from the FlipIt model features two covert agents competing to control a single contested resource. In its basic form, the resource exists forever while generating value at a constant...

Persistent link: https://www.econbiz.de/10014443306

Credible forward guidance

Batista, Quentin; Nakata, Taisuke; Sunakawa, Takeki - In: Journal of economic dynamics & control 153 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014479338