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Showing 1 to 13 of 13 for “"Time-inconsistent"”.

  1. 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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  2. Essays on informal banking

    … theoretical essays that examine the role of time-inconsistent preferences in informal banking. The first two chapters focus on specific banking institutions, while the third studies individual welfare more generally. In Chapter 1, I develop a model of rotating savings and credit associations …

    mit Repository record for Essays on informal banking (opens in a new tab)

  3. Essays in industrial economics

    … sell a storable good of repeated consumption to time-inconsistent consumers. Consumers with time-inconsistent preferences might struggle to make optimal consumption decisions over time. Sophisticate consumers, aware of their time-inconsistent preferences, often try to limit their consumption of …

    mit Repository record for Essays in industrial economics (opens in a new tab)

  4. Essays on Self-Control

    … an experiment to test whether subjects have time inconsistent</p><p>preferences, whether self-control is costly, and if so, whether the</p><p>cost of self-control is time dependent. The fourth chapter describes</p><p>the affects on the optimal borrowing and savings mechanisms that …

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  5. Rules And Institutions

    … optimal plans under rational expectations are time-inconsistent. The first essay examines the rationality of keeping promises and of trusting that promises will be kept. The second essay argues that social institutions are identical to agents' following, and being believed to follow, rules of …

    uwo Repository record for Rules And Institutions (opens in a new tab)

  6. 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 …

    duke Repository record for Essays on Health Economics (opens in a new tab)

  7. Essays on contract theory and behavioral economics

    … has been made a sufficiently large number of times. Chapter 2 develops a model of competition with non-exclusive contracts in a market where consumers are time-inconsistent. Non-exclusivity creates a stark asymmetry between immediate-costs goods and immediate-rewards goods. In the former, …

    mit Repository record for Essays on contract theory and behavioral economics (opens in a new tab)

  8. Essays on balance of payments crises

    … become very weak. However, this policy is time inconsistent, suggesting a role for commitment devices such as currency boards or IMF pressure. Chapter 2 studies the relationship between macroeconomic fundamentals and asset prices during crises. Key findings are that fundamentals can account …

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  9. 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 …

    vt Repository record for Essays on Contest Theory Experiments and Revealed Time Preference Models (opens in a new tab)

  10. 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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  11. Essays on early childhood development and family economics

    … significantly to the production of skills is the time that the mother spends with her child. Based on the simple specification presented in the previous model, in my second essay I apply a structural model of labor and child-care options to analyze the impact of mothers' decisions on their …

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  12. Two Essays Analyzing the Behavioral Economics Underlying Health Decisions: Delay Discounting and Crowding Out Effect

    This thesis is composed of two essays that study behavioral economics to motivate health-promoting behaviors. The first paper, "Does Nutrition Education Reduce Delay Discounting?," studies delay discounting, or delayed gratification, which is an important research topic because it plays a role in …

    vt Repository record for Two Essays Analyzing the Behavioral Economics Underlying Health Decisions: Delay Discounting and Crowding Out Effect (opens in a new tab)

  13. 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 …

    mit Repository record for Essays on information and incentives (opens in a new tab)