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Asheim, Geir B.
Year of Publication: 
Series/Report no.: 
Discussion Paper No. 1128
This paper reconsiders the Strotz-Pollak problem of consistent planning and argues that a solution to this problem requires a refinement of subgame-perfectness. Such a refinement is offered through an analysis based on Greenberg's 'theory of social situations'. A unifying framework is presented whereby consistent one-person planning as a problem of individual time-consistency and renegotiation-proofness as a problem of collective time-consistency are captured through the same general concept.
Document Type: 
Working Paper

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