able to fulfill their financial liabilities. The impending individual "default losses" add up to an effective commitment … device for the government. Even a small market imperfection yields limited commitment, which leads to optimal partial pooling …

able to fulfill their financial liabilities. The impending individual default losses add up to an effective commitment … device for the government. Even a small market imperfection yields limited commitment, which leads to optimal partial pooling …

able to fulfill their financial liabilities. The impending individual “default losses” add up to an effective commitment … device for the government. Even a small market imperfection yields limited commitment, which leads to optimal partial pooling …

field experiment randomly assigned 364 clients of an online weight loss service to either a reputational commitment device …

groups are an alternative commitment device that is widespread and highly accessible, but there is little empirical evidence … designed to unbundle the key elements of peer groups as a commitment device, through the use of regular text messages. It finds …