An edition of Time-inconsistency and welfare (2004)

Time-inconsistency and welfare

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Time-inconsistency and welfare
Jay Bhattacharya
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Last edited by MARC Bot
December 13, 2020 | History
An edition of Time-inconsistency and welfare (2004)

Time-inconsistency and welfare

  • 0 Ratings
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"Self-control devices, such as rehabilitation programs, group commitment, and informal fines, can make time-inconsistent smokers better off. Health economists have used this result to argue in favor of cigarette taxes that restrain smoking. However, taxes alone are not Pareto-improving overall, because they benefit today's smoker at the expense of her future selves, who have less demand for self-control. We suggest an alternative class of taxation policies that provide selfcontrol and benefit a smoker at every point in life. Smokers could be allowed to purchase smoking licenses' when they start to smoke, and in exchange commit their future selves to face compensated cigarette taxes. We show that this scheme which could be made voluntary improves the welfare of current and future smokers, generates positive revenue for the government, and can be made incentive-compatible. Similar schemes can also be envisioned to address problems of timeinconsistency in other contexts"--National Bureau of Economic Research web site.

Publish Date
Language
English
Pages
31

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Edition Availability
Cover of: Time-inconsistency and welfare
Time-inconsistency and welfare
2004, National Bureau of Economic Research
in English
Cover of: Time-inconsistency and welfare
Time-inconsistency and welfare
2004, National Bureau of Economic Research
Electronic resource in English

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Book Details


Edition Notes

"March 2004."

Includes bibliographical references.

Also available in PDF from the NBER world wide web site (www.nber.org).

Published in
Cambridge, Mass
Series
NBER working paper series -- no. 10345., Working paper series (National Bureau of Economic Research) -- working paper no. 10345.

The Physical Object

Pagination
31 p. ;
Number of pages
31

ID Numbers

Open Library
OL17620238M
OCLC/WorldCat
54883839

Source records

Oregon Libraries MARC record

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December 13, 2020 Edited by MARC Bot import existing book
November 28, 2012 Edited by AnandBot Fixed spam edits.
November 23, 2012 Edited by 62.109.5.99 Edited without comment.
December 3, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page