We consider a principal-agent model, where a single agent exhibits problems of self control modelled using Gul, Pesendorfer (2001) type temptation preferences. For a general class of preferences, yet specific family of temptation utilities, we characterize an optimal contract in such a setting...

We give a set of sufficient conditions for uniqueness of a time-consistent Markov stationary consumption policy for a quasi-hyperbolic household under uncertainty. To the best of our knowledge, this uniqueness result is the first presented in the literature for general settings, i.e. under...

We study the question of existence and computation of time-consistent Markov policies of quasi-hyperbolic consumers under a stochastic transition technology and borrowing constraints. Under standard assumptions on preferences, as well as a mild geometric condition on a transition probabilities,...