Duflo, Esther; Kremer, Michael; Robinson, Jonathan - In: American Economic Review 101 (2011) 6, pp. 2350-90
We model farmers as facing small fixed costs of purchasing fertilizer and assume some are stochastically present biased and not fully sophisticated about this bias. Such farmers may procrastinate, postponing fertilizer purchases until later periods, when they may be too impatient to purchase...