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Ericson, Keith Marzilli; Laibson, David - 2019

coincide with a preference for commitment or dynamically inconsistent preferences. Present-bias is a special case of present …

Persistent link: https://www.econbiz.de/10014023383

Limited self-control and long-run growth

Strulik, Holger - 2013

Persistent link: https://www.econbiz.de/10010223100

Who saves more, the naive or the sophisticated agent?

Groneck, Max; Ludwig, Alexander; Zimper, Alexander - 2022

We consider a class of additively time-separable life-cycle consumption-savings models with iso-elastic per period power utility featuring resistance to inter-temporal substitution of θ with linear consumption policy functions. The utility maximization problem is dynamically inconsistent for...

Persistent link: https://www.econbiz.de/10013545920

Temptation and commitment : understanding the demand for illiquidity

Kovacs, Agnes; Moran, Patrick - 2019

of temptation and commitment is identiﬁed using data on consumption, liquid assets, and housing wealth over the life … households are tempted to consume their liquid wealth but can use illiquid housing as a savings commitment device. The importance … need for commitment. Preference for illiquidity has important implications for the consumption response to unexpected …

Persistent link: https://www.econbiz.de/10012028063

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

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

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

Household Debt : Facts, Puzzles, Theories, and Policies

Zinman, Jonathan - 2014

Borrowing decisions affect most households, with large stakes and implications for subfields as varied as macroeconomics and industrial organization. I review theoretical and empirical work on household debt: its prevalence, level, growth, and composition, as well as various measures of consumer...

Persistent link: https://www.econbiz.de/10013047673

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

Temptation and self-control in a monetary economy

Hiraguchi, Ryōji - In: Macroeconomic dynamics 22 (2018) 4, pp. 1076-1095

Persistent link: https://www.econbiz.de/10011916908