Collective Dynamic Choice: The Necessity of Time Inconsistency
نویسندگان
چکیده
منابع مشابه
Supplementary Appendix for ‘ Collective Dynamic Choice : The Necessity of Time Inconsistency ’
Proof of the Paper’s Theorem 4: As in the proof of Theorem 1 in the paper, we apply a theorem by Koopmans (1960, Section 14). First note that by the fact that each ui is nondecreasing and increasing in some dimension on [0, 1] and V satisfies unanimity, his postulates 2 and 5 are satisfied. Next, his postulate 1 follows from continuity (in fact, differentiability) of V under the metric d(C,C ′)...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2015
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.20140161