2019•SSRN Electronic JournalOpen access

Renegotiation and Dynamic Inconsistency: Contracting with Non-Exponential Discounting

Doruk Cetemen, Felix Zhiyu Feng, Can Urgun

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Key concepts: Discounting, Mathematical economics, Dynamic inconsistency, Bellman equation, Dynamic programming, Markov perfect equilibrium, Exponential function, Sequential game

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