Self-regulatory strength and dynamic optimal purchase |
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| Authors: | Kenju Kamei |
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| Institution: | Department of Economics, Brown University, 64 Waterman Street, Providence, RI 02912, United States |
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| Abstract: | I study a single-agent dynamic purchase problem by using a Gul and Pesendorfer’s Gul, F., Pesendorfer, W., 2007. Harmful addiction. Review of Economic Studies 74 (1), 147-172] dynamic preference: extreme self-control cannot be sustained and leads to addiction. This type of agent exhibits a behavioral pattern of self-regulatory depletion. |
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| Keywords: | D01 D03 D91 |
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