Exit Strategies and Plant-Closing Decisions: The Case of Steel
In: The Rand journal of economics, Band 22, Heft 2, S. 250
ISSN: 1756-2171
4 Ergebnisse
Sortierung:
In: The Rand journal of economics, Band 22, Heft 2, S. 250
ISSN: 1756-2171
In: Rationality and society, Band 5, Heft 4, S. 455-472
ISSN: 1461-7358
This article develops a model of consumption when individuals maximize utility knowing that they will experience varying levels of temptation and willpower over time. Examination of the optimal consumption path reveals that consumers may resist temptation by altering their consumption path. This can generate consumption patterns that mimic time preference even when no underlying time preferences exist. Self-control strategies to increase consumer welfare, such as precommitment and public side bets, are shown to derive directly from the model.
In: The journal of human resources, Band 35, Heft 4, S. 734
ISSN: 1548-8004
In: Journal of human capital: JHC, Band 17, Heft 3, S. 349-386
ISSN: 1932-8664