Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency

Ken Seng Tan, Wei Wei, Xun Yu Zhou. Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency. SIAM J. Control and Optimization, 59(6):4136-4154, 2021. [doi]

Abstract

Abstract is missing.