the current principal prefers her future self to save more, she can increase current investments complementary to future … savings and decrease investments in the strategic substitutes, for example. To characterize the principalś choices they are … benefits from subsidizing investments in "green" capital (complementary to future savings) and tax investments in substitute …

This paper examines how beliefs and preferences drive identity-conforming consumption or investments. We introduce a …

problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and … democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts … possible pitfalls of the mechanism. -- democracy ; elections ; information markets ; threshold contracts and triple mechanism …

in the spirit of Wilson (1977)'s 'anticipatory equilibrium' by introducing an additional stage in which initial contracts … consumers obtain their respective Wilson-Miyazaki-Spence (WMS) contract. Jointly profit-making contracts can also be sustained … as equilibrium contracts. However, the secondbest efficient WMS allocation is the unique equilibrium allocation under …