Laws as Assets: A Possible Solution to the Time Consistency Problem
收藏数据链接：
官方服务：
资源简介：
This paper presents a new solution to the time-consistency problem that appears capable of enforcing ex ante policy in a variety of settings in which other enforcement mechanisms do not work. The solution involves formulating a law, institution, or agreement that specifies the optimal ex ante policy
提供机构：
美国国家经济研究局创建时间：
1986-11-01
