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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 6
One contributor to the rational demand for commitment devices is the time-inconsistency problem. Explain how limited processing capacity might also contribute to the demand.
Explanation
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Rationality:
Rationality refers to the ...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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