Results 91 to 100 of about 180,057 (202)
Time Inconsistency: An Updated Survey of the Literature [PDF]
We provide an updated survey of the literature on time inconsistency, focusing on the key contributions that followed the seminal papers of Kydland and Prescott (1977) and Barro and Gordon (1983a). Starting from the traditional models addressing the time
Marco Catenaro
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Communications Earth & EnvironmentLong-term time series of coastal bathymetric data are indispensable for analysing morphological resilience to climate change. Despite the increasing popularity of utilizing high-resolution digital elevation models for coastal management, potential errors
Bo Miao +4 more
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Testing Commitment Models of Monetary Policy: Evidence from OECD Economies [PDF]
Inflation rates in a number of OECD follow a common trend over the past four decades: inflation starts out low in the 1960s, rises for a time before peaking in the 1970s or early 1980s, and then falls back to initial levels.
Doyle, Matthew, Falk, Barry L.
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Time inconsistent commercialization competitions
, 2012 Business innovation is a powerful source of productivity increase and economic growth. Lack of financing at commercialization stages of innovation development often dooms socially valuable innovations to failure. To address pre-commercialization market failure, public agencies assist entrepreneurs with financial resources through commercialization ...
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Inflation Band Targeting and Optimal Inflation Contracts [PDF]
In this paper we examine how target ranges work in the context of a Barro-Gordon (1983) type model, in which the time-inconsistency problem stems from political pressures from the government.
Frederic S. Mishkin, Niklas J. Westelius
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On Time‐Inconsistency in Mean‐Field Games
Mathematical FinanceABSTRACTWe investigate an infinite‐horizon time‐inconsistent mean‐field game (MFG) in a discrete time setting. We first present a classic equilibrium for the MFG and its associated existence result. This classic equilibrium aligns with the conventional equilibrium concept studied in MFG literature when the context is time‐consistent.
Erhan Bayraktar, Zhenhua Wang
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Equilibria for Time-Inconsistent Singular Control Problems
SIAM Journal on Control and OptimizationWe study a time-inconsistent singular control problem originating from irreversible reinsurance decisions with non-exponential discount. A novel definition of equilibrium for time-inconsistent singular control problems is introduced. For the problem with non-exponential discount, both sufficient and necessary conditions are derived, providing a ...
Liang, Zongxia +2 more
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A Rib Less Makes you Consistent but Impatient: A Gender Comparison of Expert Chess Players [PDF]
This paper presents empirical findings on gender differences in time preference and time inconsistency which are based on international chess data from 1.5 million expert games.
Gränsmark, Patrik
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Quantum Barro--Gordon Game in Monetary Economics
, 2017 Classical game theory addresses decision problems in multi-agent environment where one rational agent's decision affects other agents' payoffs. Game theory has widespread application in economic, social and biological sciences.
Marzban, Hussein +3 more
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