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"Time consistent optimal plans are defined within the context of a simple, discrete time optimal control framework. Three possible sources of inconsistency are identified and discussed with reference to the literature"--Federal Reserve Bank of Minneapolis web site
Persistent link: https://www.econbiz.de/10000082974
"Silberberg [6] and Pauwels [2] have produced and clarified seminal results in the comparative statics of single-agent classical optimization problems. This paper extends Pauwels' method to derive analogous results for stable Nath equilibria in a subclass of the widely used class of concave...
Persistent link: https://www.econbiz.de/10000082975
Persistent link: https://www.econbiz.de/10000082973