Uphill self-control

This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem that admits a general class of self-control cost functions. Both models maintain the Order, Continuity and Set-Betweenness axioms but violate Independence.

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Year of publication:	2010
Authors:	Noor, Jawwad ; Takeoka, Norio
Published in:	Theoretical Economics. - New Haven, CT : The Econometric Society, ISSN 1555-7561. - Vol. 5.2010, 2, p. 127-158
Publisher:	New Haven, CT : The Econometric Society
Subject:	Temptation \| self-control \| non-linear self-control costs

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3982/TE536 [DOI] 89516681X [GVK] hdl:10419/150135 [Handle] RePEc:the:publsh:536 [RePEc]
Classification:	D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10011599426