Time-Consistent Policies
| dc.creator | Karp, Larry S. | |
| dc.creator | Lee, In Ho | |
| dc.date | 2017-04-01T19:57:49Z | |
| dc.date.accessioned | 2026-07-09T02:47:18Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.6275 | |
| dc.identifier | https://ageconsearch.umn.edu/record/6275/files/wp000919.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/6275 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/520022 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/6275 | |
| dc.title | Time-Consistent Policies | |
| dc.type | Text |