One contributor to the rational demand for commitment devices is the time-inconsistency problem. Explain how limited processing

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One contributor to the rational demand for commitment devices is the time-inconsistency problem. Explain how limited processing capacity might also contribute to the demand.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:32 AM

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One contributor to the rational demand for commitment devices is the time-inconsistency problem. Explain how limited processing

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Microeconomics

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