Dynamic Savings Choices with Disagreements
收藏NBER2016-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22007
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资源简介：
We study a flexible dynamic savings game in continuous time, where decision makers rotate in and out of power. These agents value spending more highly while in power creating a time-inconsistency problem. We provide a sharp characterization of Markov equilibria. Our analysis proceeds by construction
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
