Jawwad Noor () and
Norio Takeoka ()
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Norio Takeoka: Faculty of Economics, Yokohama National University
Theoretical Economics, 2010, vol. 5, issue 2
This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem that admits a general class of self-control cost functions. Both models maintain the Order, Continuity and Set-Betweenness axioms but violate Independence.
Keywords: Temptation; self-control; non-linear self-control costs (search for similar items in EconPapers)
JEL-codes: D11 (search for similar items in EconPapers)
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Working Paper: Uphill Self-Control (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:the:publsh:536
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