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This work first demonstrates the inconsistency problem, and then presents the notions of consistency constraints for multi-database design.
We demonstrate that the authority faces a dynamic inconsistency problem that leads to welfare losses, but these losses can be kept small if the authority is endowed with an optimally designed mandate.
American Economic Review 85 (207 211]211] second fallacy, delegation is able to eliminate the time inconsistency problem, with the commitment policy being sustained under discretion for any intertemporal discount rate.
Because there is only one copy of original data in the system, this model resolves the data inconsistency problem reasonably and simplifies the data version control existing in the redundancy backup model.
A time inconsistency problem arises: since the price of past debt cannot be affected by current fiscal policy and governments cannot credibly commit to a certain path of tax rates, debtor countries choose suboptimally low fiscal adjustments.
This paper analyzes the effectiveness of delegation in solving the time inconsistency problem of monetary policy using a microfounded general equilibrium model where delegation and reappointment are explicitly included into the government's strategy.
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"However it has to be recognised that they still have major corruption problems, major inconsistency problems.
There are two serious drawbacks to the ASTM offset method for determination of crack opening load, discontinuity and inconsistency problems.
Particular attention is paid to the reported inconsistency problems associated with the boundary layer effect in the development of impedance eduction techniques.
State changes (for example moving a wall or modifying its material) remain unconsidered and lead to inconsistency problems when exchanging, comparing and merging versioned building models.
Technology will fill in markets that are missing today to help us solve our private time inconsistency problems.
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