On nonexistence of reconsideration-proof equilibrium with state variables
Author
Abstract
Suggested Citation
DOI: 10.1007/s11238-017-9637-5
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ales, Laurence & Sleet, Christopher, 2014.
"Revision proofness,"
Journal of Economic Theory, Elsevier, vol. 152(C), pages 324-355.
- Laurence Ales & Christopher Sleet, "undated". "Revision Proofness," GSIA Working Papers 2012-E14, Carnegie Mellon University, Tepper School of Business.
- Geir B. Asheim, 1997.
"Individual and Collective Time-Consistency,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(3), pages 427-443.
- Asheim, G.B., 1991. "Individual and Collective Time Consistency," Papers 9169, Tilburg - Center for Economic Research.
- Asheim, G., 1991. "Individual and Collective Time Consistency," Other publications TiSEM b8d92334-24dd-423f-a9b8-c, Tilburg University, School of Economics and Management.
- Asheim, G., 1991. "Individual and Collective Time Consistency," Discussion Paper 1991-69, Tilburg University, Center for Economic Research.
- Geir B. Asheim, 1995. "Individual and Collective Time-Consistency," Discussion Papers 1128, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Asheim, G.B., 1996. "Individual and Collective Time-Consistency," Memorandum 1996_020, Oslo University, Department of Economics.
- R. H. Strotz, 1955. "Myopia and Inconsistency in Dynamic Utility Maximization," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(3), pages 165-180.
- Kocherlakota, Narayana R., 1996. "Reconsideration-Proofness: A Refinement for Infinite Horizon Time Inconsistency," Games and Economic Behavior, Elsevier, vol. 15(1), pages 33-54, July.
- Paul Klein & Per Krusell & José-Víctor Ríos-Rull, 2008. "Time-Consistent Public Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(3), pages 789-808.
- Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Marco Bassetto & Zhen Huo & José-Víctor Ríos-Rull, 2018.
"Organizational Equilibrium with Capital,"
Working Paper Series
WP-2018-20, Federal Reserve Bank of Chicago.
- Marco Bassetto & Zhen Huo & José-Víctor Ríos-Rull, 2018. "Organizational Equilibrium with Capital," NBER Working Papers 25376, National Bureau of Economic Research, Inc.
- Bassetto, Marco & Huo, Zhen, 2018. "Organizational Equilibrium with Capital," CEPR Discussion Papers 13403, C.E.P.R. Discussion Papers.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Ales, Laurence & Sleet, Christopher, 2014.
"Revision proofness,"
Journal of Economic Theory, Elsevier, vol. 152(C), pages 324-355.
- Laurence Ales & Christopher Sleet, "undated". "Revision Proofness," GSIA Working Papers 2012-E14, Carnegie Mellon University, Tepper School of Business.
- Marco Bassetto & Zhen Huo & José-Víctor Ríos-Rull, 2018.
"Organizational Equilibrium with Capital,"
NBER Working Papers
25376, National Bureau of Economic Research, Inc.
- Bassetto, Marco & Huo, Zhen, 2018. "Organizational Equilibrium with Capital," CEPR Discussion Papers 13403, C.E.P.R. Discussion Papers.
- Marco Bassetto & Zhen Huo & José-Víctor Ríos-Rull, 2018. "Organizational Equilibrium with Capital," Working Paper Series WP-2018-20, Federal Reserve Bank of Chicago.
- Wozny Lukasz & Growiec Jakub, 2012.
"Intergenerational Interactions in Human Capital Accumulation,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 12(1), pages 1-47, June.
- Woźny, Łukasz & Growiec, Jakub, 2008. "Intergenerational interactions in human capital accumulation," MPRA Paper 10308, University Library of Munich, Germany.
- Jakub Growiec & Lukasz Wozny, 2010. "Intergenerational interactions in human capital accumulation," NBP Working Papers 71, Narodowy Bank Polski.
- Doruk Cetemen & Felix Zhiyu Feng & Can Urgun, 2019. "Contracting with Non-Exponential Discounting: Moral Hazard and Dynamic Inconsistency," Working Papers 2019-17, Princeton University. Economics Department..
- Kang, Minwook & Kim, Eungsik, 2023. "A government policy with time-inconsistent consumers," Journal of Economic Behavior & Organization, Elsevier, vol. 214(C), pages 44-67.
- Kankanamge, Sumudu & Weitzenblum, Thomas, 2016. "Time-consistent unemployment insurance," TSE Working Papers 16-657, Toulouse School of Economics (TSE).
- Yu-Jui Huang & Zhou Zhou, 2017. "The Optimal Equilibrium for Time-Inconsistent Stopping Problems -- the Discrete-Time Case," Papers 1707.04981, arXiv.org, revised Dec 2018.
- Yu-Jui Huang & Zhou Zhou, 2017. "Optimal Equilibria for Time-Inconsistent Stopping Problems in Continuous Time," Papers 1712.07806, arXiv.org, revised Oct 2018.
- Maria Belfiori & Armon Rezai, 2019. "Optimal Climate Policy: Making do with the taxes we have," 2019 Meeting Papers 1029, Society for Economic Dynamics.
- Adam, Klaus & Billi, Roberto M., 2014.
"Distortionary fiscal policy and monetary policy goals,"
Economics Letters, Elsevier, vol. 122(1), pages 1-6.
- Roberto M. Billi & Klaus Adam, 2010. "Distortionary fiscal policy and monetary policy goals," 2010 Meeting Papers 1089, Society for Economic Dynamics.
- Adam, Klaus & Billi, Roberto M., 2013. "Distortionary Fiscal Policy and Monetary Policy Goals," Working Paper Series 278, Sveriges Riksbank (Central Bank of Sweden).
- Klaus Adam & Roberto M. Billi, 2010. "Distortionary fiscal policy and monetary policy goals," Research Working Paper RWP 10-10, Federal Reserve Bank of Kansas City.
- Adam, Klaus & Billi, Roberto, 2010. "Distortionary fiscal policy and monetary policy goals," CEPR Discussion Papers 7741, C.E.P.R. Discussion Papers.
- Martin, Fernando M., 2015.
"Debt, inflation and central bank independence,"
European Economic Review, Elsevier, vol. 79(C), pages 129-150.
- Fernando Martin, 2012. "Debt, Inflation and Central Bank Independence," 2012 Meeting Papers 1019, Society for Economic Dynamics.
- Fernando M. Martin, 2013. "Debt, inflation and central bank independence," Working Papers 2013-017, Federal Reserve Bank of St. Louis.
- Maria Arvaniti & Chandra K. Krishnamurthy & Anne-Sophie Crépin, 2019. "Time-consistent resource management with regime shifts," CER-ETH Economics working paper series 19/329, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Lagunoff, Roger, 2006.
"Credible communication in dynastic government,"
Journal of Public Economics, Elsevier, vol. 90(1-2), pages 59-86, January.
- Roger Lagunoff, 2002. "Credible communication in dynastic government," Economics Bulletin, AccessEcon, vol. 28(4), pages 1.
- Roger Lagunoff, 2002. "Credible Communication in Dynastic Government," Working Papers gueconwpa~02-02-04, Georgetown University, Department of Economics.
- Roger Lagunoff, 2002. "Credible Communication in Dynastic Government," Game Theory and Information 0203003, University Library of Munich, Germany.
- Roger Lagunoff, 2002. "Credible Communication in Dynastic Government," Wallis Working Papers WP34, University of Rochester - Wallis Institute of Political Economy.
- Carlos Garriga, 2019.
"Optimal Fiscal Policy in Overlapping Generations Models,"
Public Finance Review, , vol. 47(1), pages 3-31, January.
- Carlos Garriga-Calvet, 2000. "Optimal Fiscal Policy in Overlapping Generations Models," Econometric Society World Congress 2000 Contributed Papers 1772, Econometric Society.
- Carlos Garriga, 2001. "Optimal Fiscal Policy in Overlapping Generations Models," Working Papers in Economics 66, Universitat de Barcelona. Espai de Recerca en Economia.
- Carlos Garriga, 2017. "Optimal Fiscal Policy in Overlapping Generations Models," Working Papers 2017-32, Federal Reserve Bank of St. Louis.
- Jaakkola, Niko & Spiro, Daniel & van Benthem, Arthur A., 2019.
"Finders, keepers?,"
Journal of Public Economics, Elsevier, vol. 169(C), pages 17-33.
- Niko Jaakkola & Daniel Spiro, 2016. "Finders, Keepers?," Working Papers id:11118, eSocialSciences.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2017. "Finders, Keepers?," CESifo Working Paper Series 6435, CESifo.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2016. "Finders, Keepers?," Working Papers 201702, Oslo Metropolitan University, Oslo Business School.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2016. "Finders, Keepers?," NBER Working Papers 22421, National Bureau of Economic Research, Inc.
- Ales, Laurence & Maziero, Pricila, 2016.
"Non-exclusive dynamic contracts, competition, and the limits of insurance,"
Journal of Economic Theory, Elsevier, vol. 166(C), pages 362-395.
- Laurence Ales & Pricila Maziero, "undated". "Non-exclusive Dynamic Contracts, Competition, and the Limits of Insurance," GSIA Working Papers 2010-E59, Carnegie Mellon University, Tepper School of Business.
- Pricila Maziero, 2009. "Non-Exclusive Dynamic Contracts, Competition, and the Limits of Insurance," 2009 Meeting Papers 509, Society for Economic Dynamics.
- Galanis, S. & Ioannou, C. & Kotronis, S., 2019.
"Information Aggregation Under Ambiguity: Theory and Experimental Evidence,"
Working Papers
20/05, Department of Economics, City University London.
- Spyros Galanis & Christos A. Ioannou & Stelios Kotronis, 2023. "Information Aggregation Under Ambiguity: Theory and Experimental Evidence," Department of Economics Working Papers 2023_04, Durham University, Department of Economics.
- Gross, Till & Klein, Paul & Makris, Miltiadis, 2020. "Residence- and source-based capital taxation in open economies with infinitely-lived consumers," Journal of International Economics, Elsevier, vol. 127(C).
- Tatsuhito Kono & Naoki Kitamura & Kiyoshi Yamasaki & Kazuki Iwakami, 2016.
"Quantitative analysis of dynamic inconsistencies in infrastructure planning: an example of coastal levee improvement,"
Environment and Planning B, , vol. 43(2), pages 401-418, March.
- Kono, Tatsuhito & Kitamura, Naoki & Yamasaki, Kiyoshi & Iwakami, Kazuki, 2016. "Quantitative Analysis of Dynamic Inconsistencies in Infrastructure Planning: An example of coastal levee improvement," MPRA Paper 107920, University Library of Munich, Germany.
- João Ricardo Faria & Peter McAdam, 2023. "Janus's Money Demand and Time Inconsistency: A New Impossibility Theorem?," Research Working Paper RWP 23-04, Federal Reserve Bank of Kansas City.
More about this item
Keywords
Optimal policy; Equilibrium refinements; Dynamic games; Time inconsistency;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:theord:v:85:y:2018:i:2:d:10.1007_s11238-017-9637-5. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.