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文章基本信息

  • 标题:Time-Consistent Policies
  • 本地全文:下载
  • 作者:Karp, Larry S. ; Lee, In Ho
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2000
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:In many cases the optimal open-loop policy to influence agents who solve dynamic problems is time-inconsistent. We show how to construct a time-consistent open-loop policy rule. We also consider an additional restriction under which the time-consistent open-loop policy is stationary. We use examples to illustrate the properties of these tax rules.
  • 关键词:Time inconsistency;open-loop policies;stationarity
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