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Individual and Collective Time-Consistency Author info | Abstract | Publisher info | Download info | Related research | Statistics Geir B. Asheim
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This paper reconsiders the Strotz-Pollak problem of consistent planning and argues that a solution to this problem requires a refinement of subgame-perfectness. Such a refinement is offered through an analysis based on Greenberg's 'theory of social situations'. A unifying framework is presented whereby consistent one-person planning as a problem of individual time-consistency and renegotiation-proofness as a problem of collective time-consistency are captured through the same general concept.
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Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number
1128.
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Date of creation: Jun 1995Date of revision:
Handle: RePEc:nwu:cmsems:1128Contact details of provider: Postal: Center for Mathematical Studies in Economics and Management Science, Northwestern University, 580 Jacobs Center, 2001 Sheridan Road, Evanston, IL 60208-2014 Phone: 847/491-3527 Fax: 847/491-2530 Email: Web page: http://www.kellogg.northwestern.edu/research/math/ More information through EDIRC
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Geir B. Asheim, 1995.
"Individual and Collective Time-Consistency ,"
Discussion Papers
1128, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!] Asheim, G.B., 1996.
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Memorandum
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Eddie Dekel and Joseph Farrell., 1990.
"One-Sided Patience with One-Sided Communication Does Not Justify Stackelberg Equilibrium ,"
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"Extending renegotiation-proofness to infinite horizon games ,"
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Other versions: Farrell, Joseph & Maskin, Eric, 1989.
"Renegotiation in repeated games ,"
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Brasao, Ana, 2000.
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Staff Report
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[Downloadable!]
Other versions: Geir B. Asheim, 1995.
"Individual and Collective Time-Consistency ,"
Discussion Papers
1128, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
[Downloadable!]
Other versions:
Asheim, G.B., 1991.
"Individual and Collective Time Consistency ,"
Papers
9169, Tilburg - Center for Economic Research.
Asheim, G.B., 1996.
"Individual and Collective Time-Consistency ,"
Memorandum
20/1996, Oslo University, Department of Economics.
Asheim, Geir B, 1997.
"Individual and Collective Time-Consistency ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 64(3), pages 427-43, July.
[Downloadable!] (restricted) VIEILLE, Nicolas & WEIBULL, Jörgen W., 2002.
"Uniqueness in infinitely repeated decision problems ,"
Les Cahiers de Recherche
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