Laws as Assets: A Possible Solution to the Time Consistency Problem
收藏NBER1986-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2068
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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
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美国国家经济研究局创建时间：
1986-11-01
