Implicit contracts can mitigate moral hazard in labor, credit and product markets. The enforcement mechanism underlying …-generating resources provided by the principal. For example, in credit markets with weak creditor protection borrowers may be able to … contracting: it leads to a more frequent breakdown of credit relationships as well as to smaller loans. …

This chapter provides a behavioral decision perspective on the implications of intertemporal choice research for … retirement savings. In particular, we focus on two cognitive mechanisms explaining how and why future monetary outcomes are … implications for retirement savings are discussed …