Temptation and Commitment: A Model of Hand-to-Mouth Behavior
收藏NBER2020-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27944
下载链接
链接失效反馈官方服务：
资源简介：
This paper presents a model of consumption behavior that explains the presence of wealthy hand-to-mouth consumers using a mechanism that differs from those analyzed previously. We show that a two-asset model with temptation preferences generates a demand for commitment and thus illiquidity, leading
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
