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Organizational Equilibrium with Capital

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NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25376
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This paper proposes a new equilibrium concept organizational equilibrium for models with state variables that have a time-inconsistency problem. The key elements of this equilibrium concept are: (1) agents are allowed to ignore the history and restart the equilibrium; (2) agents can wait for
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2018-12-01
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