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A Dynamic Investment Model under Time-Inconsistency

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  • Bernes Karaçay
  • Murat Yýmaz

Abstract

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Suggested Citation

  • Bernes Karaçay & Murat Yýmaz, 2016. "A Dynamic Investment Model under Time-Inconsistency," Bogazici Journal, Review of Social, Economic and Administrative Studies, Bogazici University, Department of Economics, vol. 30(1), pages 23-49.
    • Handle: RePEc:boz:journl:v:30:y:2016:i:1:p:23-49
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    File URL: http://www.bujournal.boun.edu.tr/docs/1473243001BJ30_2.pdf
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    References listed on IDEAS

    as
    1. Yılmaz, Murat, 2013. "Repeated moral hazard with a time-inconsistent agent," Journal of Economic Behavior & Organization, Elsevier, vol. 95(C), pages 70-89.
    2. E. S. Phelps & R. A. Pollak, 1968. "On Second-Best National Saving and Game-Equilibrium Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 185-199.
    3. Luttmer, Erzo G.J. & Mariotti, Thomas, 2007. "Efficiency and equilibrium when preferences are time-inconsistent," Journal of Economic Theory, Elsevier, vol. 132(1), pages 493-506, January.
    4. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    5. Akin, Zafer, 2009. "Imperfect information processing in sequential bargaining games with present biased preferences," Journal of Economic Psychology, Elsevier, vol. 30(4), pages 642-650, August.
    6. Gilpatric, Scott M., 2008. "Present-biased preferences, self-awareness and shirking," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 735-754, September.
    7. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
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