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]

@article{TanWZ21,
  title = {Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency},
  author = {Ken Seng Tan and Wei Wei and Xun Yu Zhou},
  year = {2021},
  doi = {10.1137/19M1291339},
  url = {https://doi.org/10.1137/19M1291339},
  researchr = {https://researchr.org/publication/TanWZ21},
  cites = {0},
  citedby = {0},
  journal = {SIAM J. Control and Optimization},
  volume = {59},
  number = {6},
  pages = {4136-4154},
}