Yılmaz, Murat - In: Journal of Economic Behavior & Organization 95 (2013) C, pp. 70-89
I consider a repeated principal-agent model with moral hazard, in which the agent has βδ-preferences, which are widely used to capture time-inconsistency. I analyze the case where the agent is sophisticated in the sense that he is fully aware of his inconsistent discounting. I characterize the...