Increasing Workload in a Stochastic Environment

Philipp Weinschenk ()
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Philipp Weinschenk: Max Planck Institute for Research on Collective Goods

No 2010_43, Discussion Paper Series of the Max Planck Institute for Research on Collective Goods from Max Planck Institute for Research on Collective Goods

Abstract: We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed.

Keywords: Increasing Workload; Deadline; Stochasticity (search for similar items in EconPapers)
JEL-codes: D11 D81 D91 J22 (search for similar items in EconPapers)
Date: 2010-10
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Persistent link: https://EconPapers.repec.org/RePEc:mpg:wpaper:2010_43

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