Rengel, Anton (1853 - )

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Nordberg, John (1870 - )

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Marlowe, Cyrus E. (1866 - )

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Bachman, August (1857 - 1907)

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Edelbrock, Henry (1823 - 1909)

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Brauch, Nicholas (1865 - )

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Kraemer, Adam (1836 - 1915)

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Kindler, Julius (1841 - 1899)

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Hendrickson, John F. (1853 - )

This biographical summary was created by the Works Progress Administration (WPA) between 1936 and 1939

Commitment Contracts

We review the theoretical and empirical literature on commitment devices.A commitment device is any arrangement, entered into by an individual, with the aim of making it easier to fulfill his or her own future plans. We argue that there is growing empirical evidence supporting the proposition that people demand commitment devices and that these devices can change behavior. We highlight the importance of further research exploring soft commitment – those involving only psychological costs – and the welfare consequences of hard commitments – those involving actual costs – especially in the presence of bounded rationality.consumer/household economics, institutional and behavioral economics