Data/hora: 11/06/2024 07:19:55

Provedor de dados: | 31
País: | United States
Título: | Time-Consistent Policies
Autores: | Karp,   Larry S.; Lee,   In Ho.
Data: | 2008-05-07
Ano: | 2000
Palavras-chave: | Time inconsistency; Open-loop policies; Stationarity; Public Economics; C72; D83.
Resumo: | In many cases the optimal open-loop policy to influence agents who solve dynamic problems is time-inconsistent. We show how to construct a time-consistent open-loop policy rule. We also consider an additional restriction under which the time-consistent open-loop policy is stationary. We use examples to illustrate the properties of these tax rules.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

29605

http://purl.umn.edu/6275

Relação:

University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Paper

919

Formato: | 28