I consider a situation in which workers have present-biased preferences and tend to procrastinate their tasks, but underestimate the degree of self-control prob- lems that they will face in the future. Brocas and Carrillo (2001) show that a form of competition always mitigates delay in a setting...

We show that in multi-sector optimal growth models, where the technology satisfies a simple reachability condition, infinite horizon programs which satisfy the competitive conditions are optimal. We provide examples of a variety of production models where the reachability condition is satisfied....

We develop models of markets with procrastinating consumers where competition operates - or is supposed to operate - both through the initial selection of providers and through the possibility of switching providers. As in other work, consumers fail to switch to better options after signing up...