@article{Karp:6275,
      recid = {6275},
      author = {Karp, Larry S. and Lee, In Ho},
      title = {Time-Consistent Policies},
      address = {2000},
      number = {1557-2016-133183},
      series = {CUDARE Working Paper},
      pages = {28},
      year = {2000},
      abstract = {In many cases the optimal open-loop policy to influence  agents who solve dynamic problems is time-inconsistent. We  show how to construct a time-consistent open-loop policy  rule. We also consider an additional restriction under  which the time-consistent open-loop policy is stationary.  We use examples to illustrate the properties of these tax  rules.},
      url = {http://ageconsearch.umn.edu/record/6275},
      doi = {https://doi.org/10.22004/ag.econ.6275},
}