Optimal Policy Instruments for Externality-Producing Durable Goods Under Time Inconsistency
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When consumers exhibit present bias and are time-inconsistent, the standard solution to market failures caused by externalities--Pigouvian pricing--is suboptimal. I investigate policies aimed at externalities for time-inconsistent consumers. Welfare-maximizing policy in this case includes an
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美国国家经济研究局创建时间：
2011-05-01
