Why do people keep their promises? An overview of strategic commitment
Strategic commitments, such as promises and threats, pose several problems to the standard model of economic rationality: first, they can only arise when there is an incentive to free ride; second, they need to be credible in order to manipulate the others' behaviour; third, once the commitment...
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| Format: | Article |
| Language: | English |
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Universidad Nacional de Colombia
2015-07-01
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| Series: | Cuadernos de Economía |
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| Online Access: | http://www.scielo.org.co/scielo.php?script=sci_arttext&pid=S0121-47722015000200002&lng=en&tlng=en |