Supporting Online Material for “ Time perspec - tive and climate change policy , ”
نویسنده
چکیده
Lemma 1: Consider the game in which the payoff at time t equals expression (9); the regulator at time t chooses w(t) ∈ Ω ⊂ R, taking as given her successors’ control rule χ̂(z); and the state variables h and y obey equations (4) and (8). Let V (h) equal the value of expression (9) in a MPE (the value function). A MPE control rule χ(h) ≡ χ̂(z) satisfies the (generalized) dynamic programming equation (DPE):
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