The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...

This paper develops a simple model of corporate governance based on the concept of time-inconsistent misconduct. The model relaxes the standard rational choice assumption that corporate actors have time-consistent preferences and thus have perfect self-control; it therefore directly accounts for...