Optimal Contracts for Time-Inconsistent Consumers with Heterogeneous Beliefs

The authors thank Rahul Deb, Taosong Deng, Randy Ellis, Larry Epstein, Keith Ericson, Daniel Houser, Kevin Lang, Youming Liu, Bart Lipman, Chiara Margaria, Michael Manove, Lingfeng Que, Albert Ma, Dilip Mookherjee, Jawwad Noor, Juan Ortner, Alex White, Tak-Yuen Wong, Jianye Yan, Xing Zhang, Xin Zhao, and workshop participants at Boston University and the 42nd Symposium of the Spanish Economic Association for valuable comments and discussions. An earlier version of this paper forms chapter 1 of B. Gao’s PhD dissertation at Boston University, and she is especially grateful to Dilip Mookherjee for guidance.