Durable goods as commitment devices under quasi-hyperbolic discounting

DOI10.1016/j.jmateco.2021.102561zbMath1485.91130OpenAlexW3201135092WikidataQ115570141 ScholiaQ115570141MaRDI QIDQ2668977

Minwook Kang, Jingoo Kang

Publication date: 9 March 2022

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2021.102561

zbMATH Keywords

quasi-hyperbolic discountingdurable goodrental marketchoice flexibilitycommitment device

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Related Items (2)

Quasi-hyperbolic discounting under recursive utility and consumption-investment decisions ⋮ Intertemporal price discrimination with time-inconsistent consumers

Cites Work

• Efficiency and equilibrium when preferences are time-inconsistent
• Hyperbolic discounting and secondary markets.
• Non-existence of competitive equilibria with dynamically inconsistent preferences
• Choice and Procrastination
• Temptation-Driven Preferences
• Intertemporally Inconsistent Preferences and the Rate of Consumption
• Golden Eggs and Hyperbolic Discounting
• Representing Preferences with a Unique Subjective State Space
• Temptation and Self-Control
• Commitment contracts*
• Self-Confidence and Personal Motivation
• Self-Control and the Theory of Consumption
• Commitment vs. Flexibility

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