Author(s)

Romar Correa

Department of Economics, University of Mumbai, Mumbai, India.

We motivate and provide proofs of Ba?ar and Olsder’s (1995) theorems on the subject. The context is the increasing appreciation that the neoclassical framework is not the only model of the economy.

Information Sets; Discretion

R. Correa, "Weak and Strong Time Consistency," Theoretical Economics Letters, Vol. 2 No. 1, 2012, pp. 79-82. doi: 10.4236/tel.2012.21015.