Skip to content
RDP 8801: Time-Consistent Policy: A Survey of the Issues
Equation
w
t+1
=
0
if
m
t
=
p
t−1
w
t+1
=
p
t+1
if
m
t
>
p
t−1
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabiWaaa qaaiaabEhadaWgaaWcbaGaaeiDaiaabUcacaqGXaaabeaakiaab2da caaMc8UaaeimaaqaaiaabMgacaqGMbaabaGaaeyBamaaBaaaleaaca qG0baabeaakiaab2dacaaMc8UaaeiCamaaBaaaleaacaqG0bGaaeyl aiaabgdaaeqaaaGcbaGaae4DamaaBaaaleaacaqG0bGaae4kaiaabg daaeqaaOGaaeypaiaaykW7caqGWbWaaSbaaSqaaiaabshacaqGRaGa aeymaaqabaaakeaacaqGPbGaaeOzaaqaaiaab2gadaWgaaWcbaGaae iDaaqabaGccaqG+aGaaGPaVlaabchadaWgaaWcbaGaaeiDaiaab2ca caqGXaaabeaaaaaaaa@595E@