Möcker, Michael - In: International Journal of Applied Behavioral Economics … 3 (2014) 1, pp. 13-35
Commitment devices are regularly celebrated as an easy-to-use, budget way to dodge self-control problems. Analysis of a Bénabou and Tirole-style signaling game (2004) casts doubts on this view. Adding a commitment device to the standard model reveals difficulties: An agent relying on a...