On the Existence of Markov-Consistent Plans under Production Uncertainty

DOI10.2307/2297724zbMath0607.90004OpenAlexW2074899310MaRDI QIDQ3747181

B. Douglas Bernheim, Debraj Ray

Publication date: 1986

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/535b9142465d8c63a16342cddb5d599b54a2507d

zbMATH Keywords

change over timetime-dependent preferencesfinite horizon problemsconsistent planMarkov- consistent plansmooth uncertainty

Mathematics Subject Classification ID

Group preferences (91B10)

Related Items (7)

Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example ⋮ Nonpaternalistic intergenerational altruism ⋮ The recursive approach to time inconsistency ⋮ On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty ⋮ Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers ⋮ Markov perfect equilibria in altruistic growth economies with production uncertainty ⋮ Existence of stationary Markov perfect equilibria in stochastic altruistic growth economies

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