Long-term contracting with time-inconsistent agents

DOI10.3982/ECTA17126MaRDI QIDQ5860028zbMATH OpenOpenAlexFDO

Authors

Publication date 18 November 2021

Published in Econometrica (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3982/ecta17126

zbMATH Keywords

regulationpresent biasdynamic inconsistencybehavioral industrial organization

Mathematics Subject Classification ID

Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Contract Design and Self-Control: Theory and Evidence
• Present bias in the labor market -- when it pays to be naive
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• Contracting with Diversely Naive Agents
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Cited in

(12)

• Time-inconsistent bargaining and cross-commitments
• Consumer exploitation and notice periods
• Naïveté-based discrimination
• Time-inconsistent contract theory
• Renegotiation and dynamic inconsistency: contracting with non-exponential discounting
• Present bias in the labor market -- when it pays to be naive
• The competitive and welfare effects of long-term contracts with network externalities and bounded rationality
• The timing of contracting with externalities
• Contracts without memory in multiperiod agency models
• Contracting with a naïve time-inconsistent agent: to exploit or not to exploit?
• Contracting with Diversely Naive Agents
• Corrigendum to: ``Long-term contracting with time-inconsistent agents

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