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| Juan Carlos Chavez-Martin del Campo |
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| ''On the design of an optimal transfer schedule with time inconsistent preferences'' |
| ( 2008, Vol. 8 No.5 ) |
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| This paper incorporates the phenomenon of time inconsistency into the problem of designing an optimal transfer schedule under income shocks and asymmetric information. The optimal solution reflects the dilemma that a principal has to face when playing the roles of self-control enforcer and consumption smoother simultaneously. |
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| Keywords: Time Inconsistency |
JEL:
D9 - Intertemporal Choice and Growth: General |
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| Manuscript Received : Jul 17 2008 | | Manuscript Accepted : Jul 18 2008 |
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