Optimal Screening of Time Inconsistency

Abstract

This paper develops a theory of optimal provision of commitment devices to people who value both commitment and ‡exibility, and whose preferences di¤er in the degree of time inconsistency. If time inconsistency is observable, then both a planner and a monopolist provide devices that help each person commit to the e¢ cient level of ‡exibility. But the… (More)

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Cite this paper

@inproceedings{Galperti2013OptimalSO, title={Optimal Screening of Time Inconsistency}, author={Simone Galperti}, year={2013} }