Flying with a net, and without: Preventative devices and self-control

Volume: 37, Issue: 3, Pages: 521 - 543
Published: Sep 1, 2020
Abstract
null null Excessive consumption of many vice goods (e.g., alcohol) has both possible immediate (e.g., a drunk-driving crash) and delayed (e.g., liver disease) negative consequences. This research models the consumption choices of a consumer population with heterogeneous impatience and varying degrees of sophistication in conjunction with both immediate and delayed consequences of excessive vice good consumption. We show that even when a...
Paper Details
Title
Flying with a net, and without: Preventative devices and self-control
Published Date
Sep 1, 2020
Volume
37
Issue
3
Pages
521 - 543
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