کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
972137 932510 2006 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
A generalized model of commitment
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
A generalized model of commitment
چکیده انگلیسی

The durability of economic relationships, such as employment or family relationships, is influenced by agents' willingness to “commit” by making match-specific investments or arrangements. This paper shows that many properties of optimal decisions and comparative statics in such models are quite robust, emerging from the abstract structure of commitment decisions rather than specific assumptions about functional or distributional forms. Recognizing this structure should enable future research to consider a broader set of empirically relevant complexities and may help to identify promising explanations for variations in commitment. The exercise also clarifies the circumstances under which increased uncertainty increases or decreases commitment.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Mathematical Social Sciences - Volume 52, Issue 3, December 2006, Pages 233–251
نویسندگان
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