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Browsing ADEMU Working Papers Series by Subject "Time consistency"

Browsing ADEMU Working Papers Series by Subject "Time consistency"

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  • Kankanamge, Sumudu; Weitzenblum, Thomas (2016-05)
    This paper examines the optimal time-consistent unemployment insurance policy in a search economy with incomplete markets. In a context of repeated choice without a commitment device, we show that the optimal replacement ...
  • Brendon, Charles; Ellison, Martin (2018-01)
    This paper proposes and characterises a new normative solution concept for Kydland and Prescott problems, allowing for a commitment device. A policy choice is dominated if either (a) an alternative exists that is superior ...

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