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Observing that people who wish to engage in prosocial behavior are often presented with more than one means to the same end, we develop a model in which agents may contribute to a single public good through a range of different activities. We use this model to make two points. First, noting that...
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People can often contribute to prosocial causes by several means; for instance, environmentally friendly activities include sorting household waste, buying organic products, and donating to NGOs. Policy to encourage prosocial behavior is sometimes directed only towards a particular activity,...
Persistent link: https://www.econbiz.de/10013208738
This paper explores the possibility that demand for costly commitment may prove unnecessary and thus excessive. In an online experiment, subjects face a tedious productivity task where tempting YouTube videos invite procrastination. Subjects can pay for a commitment device that removes the...
Persistent link: https://www.econbiz.de/10012805915
Economic agents commonly use commitment devices to limit impulsive behavior in the interest of long-term goals. We provide evidence for excess demand for commitment in a laboratory experiment. Subjects are faced with a tedious productivity task and a tempting option to surf the internet....
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