Law institutions and delegation of authority, Business Law and Ethics

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Law institutions and delegation of authority

How time-consistency plays a significant role in policy process. The problems induced by the heterogeneity leading to the problem of time inconsistency too has a significant bearing are the policy process. When a policy maker has to carry out a policy, which was adopted in time 't', it is obvious that time has elapsed and the carryout business must be same where later on time domain, say 't+i'.

 


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