This paper studies the welfare of time-inconsistent, partially sophisticated agents living under two different regimes, one with complete, unfettered credit markets (CM) and the other with endogenous borrowing constraints (EBC) where the borrowing limits are set to make agents indifferent...

Based on a county-level monthly panel data from four provinces and a province-level monthly panel data from 21 provinces from 2009 to 2015, we use the regression discontinuity method to examine the impacts of the tired pricing reform implemented in July 2012 on residential electricity use in...