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Juan Carlos Chavez-Martin del Campo
''On the design of an optimal transfer schedule with time inconsistent preferences''
( 2008, Vol. 8 No.5 )
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.
Keywords: Time Inconsistency
D9 - Intertemporal Choice and Growth: General
Manuscript Received : Jul 17 2008 Manuscript Accepted : Jul 18 2008

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