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Intertemporal conflicts occur when a group of agents with heterogeneous time preferences must make a collective decision about how to manage a common asset. How should this be done? We examine two methods: an 'Economics' approach that seeks to implement efficient allocations, and a 'Politics'...
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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...
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-Best Culture, and the Theory of Regulation -- Public Utility Pricing and Capacity Choice with Stochastic Demand -- Bidimensional … Advantage -- On Kolm's Use of Epistemic Counterfactuals in Social Choice Theory -- Optimal Redistribution in the Distributive … with different population sizes? How can domain conditions in social choice theory be justified using Kolm's epistemic …
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