Bryan, Gharad; Karlan, Dean; Nelson, Scott - In: Annual Review of Economics 2 (2010) 1, pp. 671-698
what we call hard and soft commitments and identify how soft commitments, in particular, can help with various dilemmas …, both in explaining empirical behavior and in designing effective commitment devices. Second, we highlight the importance of … certain modeling assumptions in predicting when commitment devices will be demanded and examine the laboratory and field …