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Contracting over commitment vs. flexibility under asymmetric information
Galperti, Simone - 2011
of the induced balance between commitment and flexibility. …We study a dynamic model of monopolistic provision of commitment devices to sophisticated, Strotzian decision makers …. We allow for unobservable heterogeneity at the contracting stage in the agents' preferences for commitment vs …
Persistent link: https://www.econbiz.de/10010282919
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A theory of personal budgeting
Galperti, Simone - In: Theoretical Economics 14 (2019) 1, pp. 173-210
-specific budgets depends on the combination of a demand for commitment and the demand for flexibility resulting from uncertainty about … with minimum-savings rules (another widely-studied form of commitment), and how budgeting depends on the intensity of self …
Persistent link: https://www.econbiz.de/10012215309
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A theory of personal budgeting
Galperti, Simone - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 1, pp. 173-210
-specific budgets depends on the combination of a demand for commitment and the demand for flexibility resulting from uncertainty about … with minimum-savings rules (another widely-studied form of commitment), and how budgeting depends on the intensity of self …
Persistent link: https://www.econbiz.de/10012020300
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Comment on "Commitment vs. flexibility
Ambrus, Attila; Egorov, Georgij V. - In: Econometrica : journal of the Econometric Society, an … 81 (2013) 5, pp. 20113-2124
Persistent link: https://www.econbiz.de/10010232659
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Commitment, Flexibility and Optimal Screening of Time Inconsistency
Galberti, Simone - Center for Mathematical Studies in Economics and … - 2012
I study the optimal supply of exible commitment devices to people who value both commitment and exibility, and whose …
Persistent link: https://www.econbiz.de/10008866079
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Nonlinear pricing with self-control preferences
Esteban, Susanna; Miyagawa, Eiichi; Shum, Matthew - 2003
consumers from self-control and extracts consumers' commitment surplus. When some consumers are tempted by cheaper, lower …
Persistent link: https://www.econbiz.de/10010293447
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Auditing versus monitoring and the role of commitment
Jost, Peter-J. - In: Review of Accounting Studies (2021), pp. 1-34
This paper studies the effect of timing and commitment of verification in a principal-agent relationship with moral … the time of contracting. The main contribution of this paper is to highlight the importance of commitment by the principal …
Persistent link: https://www.econbiz.de/10014501886
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A Theory of Threshold Contracts
Becker, Johannes Gerd; Gersbach, Hans - 2013
We consider an in nitely repeated reappointment game in a principal- agent relationship. Typical examples are voter-politician or government- public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...
Persistent link: https://www.econbiz.de/10011753246
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A theory of threshold contracts
Becker, Johannes Gerd; Gersbach, Hans - 2013 - This version: August 2013
We consider an in nitely repeated reappointment game in a principal- agent relationship. Typical examples are voter-politician or government- public servant relationships. The agent chooses costly effort and enjoys being in office until he is deselected. The principal observes a noisy signal of...
Persistent link: https://www.econbiz.de/10010221102
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Flexible contracts
Gottardi, Piero; Tallon, Jean Marc; Ghirardato, Paolo - 2010
rigid, non discretionary contracts. Delegation grants some flexibility in the choice of the action by the agent, but also …
Persistent link: https://www.econbiz.de/10010266080