Self-regulatory strength and dynamic optimal purchase

Kenju Kamei

Economics Letters, 2012, vol. 115, issue 3, 452-454

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.

Keywords: Self-control; Optimal control; Consumption (search for similar items in EconPapers)
JEL-codes: D01 D03 D91 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:3:p:452-454

DOI: 10.1016/j.econlet.2011.12.120

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