Self-regulatory strength and dynamic optimal purchase

Kenju Kamei

doi:10.1016/j.econlet.2011.12.120

Self-regulatory strength and dynamic optimal purchase

Research output: Contribution to journal › Article › peer-review

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.

Original language	English
Pages (from-to)	452-454
Number of pages	3
Journal	Economics Letters
Volume	115
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2011.12.120
Publication status	Published - 2012 Jun
Externally published	Yes

Keywords

Consumption
Optimal control
Self-control

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2011.12.120

Cite this

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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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AB - 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.

KW - Consumption

KW - Optimal control

KW - Self-control

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Self-regulatory strength and dynamic optimal purchase

Abstract

Keywords

ASJC Scopus subject areas

Access to Document

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