A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such pra...
On 04 Oct 2018 A simple theory is developed which formally describes how charities can resolve the information
asymmetry problems faced by small donors by working with large donors to generate quality signals. To t...
On 26 Mar 2012 We develop and test a simple model of limited attention in intertemporal choice.
The model posits that individuals fully attend to consumption in all periods but fail to attend
to some future lumpy...
On 21 Jun 2010 |