Commitment vs. Flexibility

DOI10.1111/J.1468-0262.2006.00666.XzbMATH Open1145.91367OpenAlexW3123911340MaRDI QIDQ5489082FDOQ5489082

Iván Werning, Manuel Amador, George-Marios Angeletos

Publication date: 25 September 2006

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.178.8024

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zbMATH Keywords

commitmentflexibilityhyperbolic discountingsocial securityself-controlintertemporal preferencestemptation

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Stochastic games, stochastic differential games (91A15) General equilibrium theory (91B50)

Cited In (25)

• On the value of partial commitment for cooperative investment in buyer-supplier relationship
• Optimally sticky prices: foundations
• A theory of intermediated investment with hyperbolic discounting investors
• Pre-commitment and flexibility in a time decision experiment
• For how long to tie your hands? Stable relationships in an unstable environment
• The optimal degree of monetary discretion in a new Keynesian model with private information
• A model of consumption-dependent temptation
• A theory of dynamic contracting with financial constraints
• Discounted quotas
• Time-inconsistent contract theory
• Durable goods as commitment devices under quasi-hyperbolic discounting
• BARGAINING OVER TAXES AND ENTITLEMENTS IN THE ERA OF UNEQUAL GROWTH
• Regulating a monopolist with uncertain costs without transfers
• A continuum of commitment
• Present bias in the labor market -- when it pays to be naive
• Money burning in the theory of delegation
• Choice theoretic foundation for libertarian paternalism: reconciling the behavioral and Libertarian approaches to welfare
• Commitment and partial naïveté: early withdrawal penalties on retirement accounts
• Dynamically consistent menu preferences
• A triple test for behavioral economics models and public health policy
• Performance of procrastinators: On the value of deadlines
• Delegation and nonmonetary incentives
• Fiscal rules and discretion under limited enforcement
• Identifying subjective beliefs in subjective state space models
• Robust leverage dynamics without commitment

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