Narrow search
Showing 1 - 10 of 1,329
Cover Image
Rising indebtedness and temptation : a welfare analysis
Nakajima, Makoto - In: Quantitative economics : QE ; journal of the … 3 (2012) 2, pp. 257-288
preferences featuring temptation and self-control. The model can capture two contrasting views: the positive view, which links … increase in indebtedness. The welfare implication is strikingly dif- ferent from the standard model without temptation, which … welfare gains from a tighter borrowing limit than in 2000s, theoptimal borrowing limit is tighter according to the temptation …
Persistent link: https://www.econbiz.de/10011756832
Cover Image
Limited self-control and long-run growth
Strulik, Holger - 2013
Persistent link: https://www.econbiz.de/10010223100
Cover Image
Contract Design and Self-Control with Asymmetric Information
Li, Sanxi; Yan, Jianye - 2012
We study optimal contracting by a monopolistic seller of an investment good to a time-inconsistent consumer and, in doing so, introduce asymmetric information to the model of DellaVigna and Malmendier (2004). We find: (1) the below-marginal-cost-pricing rule may fail for a low-value consumer;...
Persistent link: https://www.econbiz.de/10014170654
Cover Image
Present bias in choices over food and money
Danzer, Alexander M.; Zeidler, Helen - 2024
categories. Individuals who exert self-control take up a commitment device as soon as available, while non-committers are present …
Persistent link: https://www.econbiz.de/10015084115
Cover Image
Present bias in choices over food and money
Danzer, Alexander M.; Zeidler, Helen - 2024
categories. Individuals who exert self-control take up a commitment device as soon as available, while non-committers are present …
Persistent link: https://www.econbiz.de/10015098967
Cover Image
Present-focused preferences and sin goods consumption at the extensive and intensive margins
Kalamov, Zarko Y.; Runkel, Marco - 2020
, the strength of temptation and the cost of self-control do not affect the extensive margin. Hence, present …
Persistent link: https://www.econbiz.de/10012206092
Cover Image
Time inconsistency and retirement choice
Scott, Findley, T.; Caliendo, Frank - 2015
Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...
Persistent link: https://www.econbiz.de/10010479952
Cover Image
Procrastination and learning about self-control
Christensen, Else Gry Bro; Murooka, Takeshi - 2019
We study a model of task completion with the opportunity to learn about own self-control problems over time. While the agent is initially uncertain about her future self-control, in each period she can choose to learn about it by paying a non-negative learning cost and spending one period. If...
Persistent link: https://www.econbiz.de/10012118521
Cover Image
Consumers' Mobility, Expenditure and Online-Offline Substitution Response to COVID-19 : Evidence from French Transaction Data
Bounie, David - 2020
This paper investigates a number of general phenomena connected with consumer behaviour in response to a severe economic shock, using billions of French card transactions measured before and during the COVID-19 epidemic. We examine changes in consumer mobility, anticipatory behaviour in response...
Persistent link: https://www.econbiz.de/10012835535
Cover Image
Levelling Down and the COVID-19 Lockdowns : Uneven Regional Recovery in UK Consumer Spending
Gathergood, John; Gunzinger, Fabian; Guttman-Kenney, … - 2021
We show the recovery in consumer spending in the United Kingdom through the second half of 2020 is unevenly distributed across regions. We utilise Fable Data: a real-time source of consumption data that is a highly correlated, leading indicator of Bank of England and Office for National...
Persistent link: https://www.econbiz.de/10013242820