Search Results - subject:"commitment device"

Creative destruction with on-the-job search

Michau, Jean-Baptiste - London School of Economics (LSE) - 2007

longer surplus maximizing and, hence, the worker’s welfare is increasing in the cost of search which acts as a commitment … device. Finally, we show that the model could be extended by allowing for variable search intensity. …

Persistent link: https://www.econbiz.de/10010744813

Creative Destruction with On-the-Job Search

Michau, Jean-Baptiste - Centre for Economic Performance, LSE - 2007

longer surplus maximizing and, hence, the worker's welfare is increasing in the cost of search which acts as a commitment … device. Finally, we show that the model could be extended by allowing for variable search intensity. … device. Finally, we show that the model could be extended by allowing for variable search intensity. Keywords: commitment …

Persistent link: https://www.econbiz.de/10005150991

An Analysis of Lockups in REIT IPOs

Chen, Hsuan-Chi; Fok, Robert; Lu, Chiuling - In: The Journal of Real Estate Finance and Economics 43 (2011) 3, pp. 359-384

Persistent link: https://www.econbiz.de/10009327554

Rosca Participation in Benin: a Commitment Issue

Dagnelie, Olivier; LeMay-Boucher, Philippe - Barcelona Graduate School of Economics (Barcelona GSE) - 2008

In the light of first-hand data from a Beninese urban household survey in Cotonou, we investigate several motives aiming to explain participation in Rotating Savings and Credit Associations. We provide anecdotal pieces of evidence, descriptive statistics, FIML regressions and matching estimates...

Persistent link: https://www.econbiz.de/10010547135

Pension Contributions as a Commitment device: evidence of sophistication among time-inconsistent households

Sourdin, Patricia - EconWPA - 2005

Sophisticated agents with self-control problems value commitment devices that constrain future choices. Using Australian household data, I test whether these households value commitment devices in the form of illiquid pension contributions. Applying various probabilistic choice models, the...

Persistent link: https://www.econbiz.de/10005556890