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Persistent link: https://www.econbiz.de/10001059440
Although many economists, most notably Strotz, have discussed dynamic inconsistency and precommitment, none have dealt directly with the essence of the problem: self-control. This paper attempts to fill that gap by modeling man as an organization. The Strotz model is recast to include the...
Persistent link: https://www.econbiz.de/10013217958