Arbeitspapier

Commitment contracts

We review the theoretical and empirical literature on commitment devices. A commitment device is any arrangement, entered into by an individual, with the aim of making it easier to fulfill his or her own future plans. We argue that there is growing empirical evidence supporting the proposition that people demand commitment devices and that these devices can change behavior. We highlight the importance of further research exploring soft commitments those involving only psychological costs and the welfare consequences of hard commitments those involving actual costs especially in the presence of bounded rationality.

Sprache
Englisch

Erschienen in
Series: Center Discussion Paper ; No. 980

Klassifikation
Wirtschaft
Household Saving; Personal Finance
Thema
consumer/household economics
institutional and behavioral economics

Ereignis
Geistige Schöpfung
(wer)
Bryan, Gharad
Karlan, Dean S.
Nelson, Scott
Ereignis
Veröffentlichung
(wer)
Yale University, Economic Growth Center
(wo)
New Haven, CT
(wann)
2009

Handle
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bryan, Gharad
  • Karlan, Dean S.
  • Nelson, Scott
  • Yale University, Economic Growth Center

Entstanden

  • 2009

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