Commitment Resolves Inconsistency

Documentation

Lean 4 Proof

theorem commitment_resolves_inconsistency {sigma_prev delta beta_old beta_new : ℝ}
    (hs : 0 < sigma_prev) (hdelta : delta ≠ 0)
    (hb1 : 0 < beta_old) (hb2 : 0 < beta_new) (h12 : beta_old < beta_new) :
    welfareContribution sigma_prev delta beta_new <
    welfareContribution sigma_prev delta beta_old :=
  upstream_reform_beta hs hdelta hb1 hb2 h12

Dependency Graph

Module Section

Time Inconsistency Resolution via Upstream Reform (Gap 11)