Time-consistent policies

Journal of Economic Theory

Volumn 112, Issue 2, 2003, Pages 353-364

  Karp, Larry ^a   Lee, Inn Ho ^b,c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b Seoul National University   (South Korea)

^c UNIVERSITY OF SOUTHAMPTON   (United Kingdom)

Author keywords

Open loop policies; Stationarity; Time inconsistency

Indexed keywords

EID: 0142215470     PISSN: 00220531     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0022-0531(03)00067-X     Document Type: Article

References (6)

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3. M. Miller, M. Salmon, Dynamic games and the time inconsistency of optimal policies in open economies, Econom. J. 95 (1985) 124-137.
4. G. Oudiz, J. Sachs, International policy coordination in dynamic macroeconomic models, in: W. Buiter, R. Marston (Eds.), International Economic Policy Coordination, Cambridge University Press, New York, 1984.
5. M. Simaan, J. Cruz, On the Stackelberg strategy in nonzero sum games, J. Optim. Theory Appl. 11 (5) (1973) 533-555.
6. D. Xie, On time consistency: a technical issue is Stackelberg differential games, J. Econom. Theory 76 (1997) 412-430.