Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 17 of 17 for “"Time-Inconsistency"”.
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End games, time inconsistency and European economic and monetary union
… itself, and yet despite the vast amounts of time, effort and political capital spent to build such a system, little progress has to date been made. Most recently, the Maastricht Treaty has set out a strategy and a timetable for monetary union in the Community. One can only ask if there is the …
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Optimal government policy : a refutation of claims that optimal policy may be time inconsistent
… of whether or not the supposed superiority of 'time inconsistent' policies vis-a-vis 'consistent' ones is correct. Given that the notion of 'inconsistency' forms the basis for the recent arguments in favour of 'rules' and against the use of control techniques, this question is of obvious …
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Product strategies in supply chains
… examine the effect of product returns on the time inconsistency problem faced by the firm. The third essay (Chapter 4) investigates the impact of competition from a third-party remanufacturer on product strategy and profit of an OEM in the presence of strategic consumers. Motivated by general …
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On Bank Bailouts
… response is to bailout. The fiscal authority’s time inconsistency creates moral hazard. I calculate the welfare loss from the failure to commit. In the model, as long as the fiscal authority is able to commit to a pre-determined bailout policy, the outcome is typically constrained efficient. …
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On rational expectations and dynamic games
… questions mentioned above we also show that the time inconsistency problem comes from either misspecifying the constraints on the policy maker or an inconsistency in interpreting those constraints. We also show that the Lucas critique holds in a game setting and how the critique relates to the …
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Essays on Contest Theory Experiments and Revealed Time Preference Models
… empirical method to model perceptual present and time inconsistency (Chapter 4). Chapter 2 examines how the weight and the ordered weights in battles affect the behavior in sequential multi-battle contests with an experiment. We find robustly that the weight of the current battle consistently …
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Bayesian computational models for inferring preferences
… of agents subject to false beliefs and to time inconsistency. I use probabilistic programming to provide a concise, extendable implementation of preference inference for suboptimal agents. Agents performing suboptimal sequential planning are represented as functional programs. Chapter 3 …
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Essays on Health Economics
… processes: subjective expectation bias and time-inconsistent preferences. In Chapter I, I look at how individuals' own subjective expectations about certain future events are different from what actually happens in the future, even after controlling for individuals' private information. This …
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Namibia and the common monetary area : costs, benefits and choices
… generalised purchasing power parity hypothesis, time inconsistency and the issue of nominal anchor as criteria for optimum currency area. Elimination of transaction costs, savings on foreign exchange reserves, reduction of exchange rate uncertainty are identified as important benefits from using …
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Essays on Monetary Theory
<p>This dissertation consists of two essays about macroeconomic theory of monetary policy. The first essay derives a general algorithm for finding optimal commitment policy when the policymaker's decision stabilizes the economy as well as informing the private sector about fundamental shocks. The …
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Fiscal Rules, Fiscal Space and Debt Sustainability for Macroeconomic Stability in Sub-Saharan Africa
… common pool hypothesis, Ricardian Equivalence, time inconsistency preference, debt sustainability and compliance theory on enforcement and management. Chapter three assesses fiscal space in SSA and further develops Aizenman's (2010) approach to fiscal space measurement. This chapter provides a …
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Essays on insurance and taxation
… Nick Netzer, we show that, in the presence of a time-inconsistency problem with optimal agency contracts, competitive markets can implement allocations that Pareto dominate those achieved by a benevolent planner, and they induce more effort. In particular, we analyze a model with moral hazard and …
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Essays on dynamic games and reputations
… of information disclosure is decreasing over time. I illustrate the inefficiencies of the unique MPE by comparing it with the equilibrium in the benchmark scenario where the market automatically observes all breakthroughs. I characterize a tractable subclass of non-Markov Equilibria and …
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Essays on information and incentives
… game. The result holds for any dynamic game with time separable utility and discounting. A partial converse holds: any payment scheme implementing the SPE should generically be history and time independent and only depend on the contemporaneous decision. Chapter 3 studies a different but related …