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Weak and Strong Time Consistency
Department of Economics, University of Mumbai, Mumbai, India
- 1 Department of Economics, University of Mumbai, Mumbai, India
Theoretical Economics Letters·Volume 02 (2012)·Pages 79–82·Published 23 February 2012·DOI10.4236/tel.2012.21015
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Abstract
We motivate and provide proofs of Ba?ar and Olsder’s (1995) theorems on the subject. The context is the increasing appreciation that the neoclassical framework is not the only model of the economy.
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