Now showing items 1-3 of 3

    • Commitment-Flexibility Trade-Off and Withdrawal Penalties 

      Ambrus, Attila; Egorov, G (Economic Research Initiatives at Duke (ERID), 2012-03-01)
      Withdrawal penalties are common features of time deposit contracts offered by commercial banks, as well as individual retirement accounts and employer-sponsored plans. Moreover, there is a significant amount of early withdrawals ...
    • Delegation and Nonmonetary Incentives 

      Ambrus, Attila; Egorov, G (Economic Research Initiatives at Duke (ERID), 2015-12-04)
      In many contracting settings, actions costly to one party but with no direct benefits to the other (money-burning) may be part of the explicit or implicit contract. A leading example is bureaucratic procedures in ...
    • Supplementary Appendix to 'Delegation and Nonmonetary Incentives' 

      Ambrus, Attila; Egorov, G (Economic Research Initiatives at Duke (ERID), 2015-12-04)
      Supplementary Appendix to "Delegation and Nonmonetary Incentives."