On the design of an optimal transfer schedule with time inconsistent preferences

Juan Chavez-Martin del Campo ()

Economics Bulletin, 2008, vol. 8, issue 5, 1-7

Abstract: This paper incorporates the phenomenon of time inconsistency into the problem of designing an optimal transfer schedule under income shocks and asymmetric information. The optimal solution reflects the dilemma that a principal has to face when playing the roles of self-control enforcer and consumption smoother simultaneously.

Keywords: Time; Inconsistency (search for similar items in EconPapers)
JEL-codes: D9 H0 (search for similar items in EconPapers)
Date: 2008-07-18
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Related works:
Working Paper: On the Design of an Optimal Transfer Schedule with Time Inconsistent Preferences (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-08h00003

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