We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Corrigendum: Long‐Term Contracting With Time‐Inconsistent Agents.
- Authors
Citanna, Alex; Gottlieb, Daniel; Siconolfi, Paolo; Zhang, Xingtan
- Abstract
For this equation to have a solution of HT <math altimg="urn:x-wiley:00129682:media:ecta200566:ecta200566-math-0073" display="inline" xmlns="http://www.w3.org/1998/Math/MathML"><msub><mrow><mi>c</mi></mrow><mrow><mi>T</mi></mrow></msub><mo>(</mo><mi>A</mi><mi mathvariant="normal">...</mi><mi>A</mi><mi>B</mi><mo>)</mo></math> ht , it suffices to have HT <math altimg="urn:x-wiley:00129682:media:ecta200566:ecta200566-math-0074" display="inline" xmlns="http://www.w3.org/1998/Math/MathML"><mi>u</mi><mo>(</mo><msubsup><mrow><mi>c</mi></mrow><mrow><mi>T</mi><mo>-</mo><mn>1</mn></mrow><mrow><mi>A</mi></mrow></msubsup><mo>(</mo><mi>I</mi><mo>)</mo><mo>)</mo><mo>+</mo><mi> </mi><mi> </mi><mi>u</mi><mo>(</mo><msubsup><mrow><mi>c</mi></mrow><mrow><mi>T</mi></mrow><mrow><mi>A</mi></mrow></msubsup><mo>(</mo><mi>I</mi><mo>)</mo><mo>)</mo><mo> </mo><mi> </mi><mi> </mi></math> ht . A sufficient condition for this equation to have a solution of perceived consumption is that HT <math altimg="urn:x-wiley:00129682:media:ecta200566:ecta200566-math-0079" display="inline" xmlns="http://www.w3.org/1998/Math/MathML"><mi>u</mi><mo>(</mo><mi>I</mi><mo>)</mo><mo> </mo><mfrac><mrow><mi> </mi><mi> </mi><mo>+</mo><mi> </mi><msup><mrow><mi> </mi></mrow><mrow><mn>2</mn></mrow></msup></mrow><mrow><mn>1</mn><mo>+</mo><mi> </mi><mo>+</mo><mi> </mi><msup><mrow><mi> </mi></mrow><mrow><mn>2</mn></mrow></msup></mrow></mfrac></math> ht . Then, HT <math altimg="urn:x-wiley:00129682:media:ecta200566:ecta200566-math-0015" display="inline" xmlns="http://www.w3.org/1998/Math/MathML"><msub><mrow><mi mathvariant="normal">lim</mi></mrow><mrow><mi>T</mi><mo> </mo><mo>+</mo><mi mathvariant="normal"> </mi></mrow></msub><mo>(</mo><msubsup><mrow><mi>W</mi></mrow><mrow><mi>T</mi></mrow><mrow><mi>I</mi></mrow></msubsup><mo>-</mo><msubsup><mrow><mi>W</mi></mrow><mrow><mi>T</mi></mrow><mrow><mi>C</mi></mrow></msubsup><mo>)</mo><mo>=</mo><mn>0</mn></math> ht .
- Subjects
INTERTEMPORAL choice
- Publication
Econometrica, 2023, Vol 91, Issue 3, p25
- ISSN
0012-9682
- Publication type
Article
- DOI
10.3982/ECTA21301