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Future Lock-In: Future Implementation Increases Selection of 'Should' Choices
Decision Choices and Conditions Attitudes Conflict and Resolution Cognition and Thinking
2015/4/20
People often experience tension over certain choices (e.g., they should reduce their gas consumption or increase their savings, but they do not want to). Some posit that this tension arises from the c...
Business Start-ups, the Lock-in Effect, and Capital Gains Taxation
Business Start-ups the Lock-in Effect Capital Gains Taxation
2014/3/18
We develop a model of entrepreneurial choice in which some individuals have a comparative advantage in starting new business enterprises. Two frictions play key roles in our model: markets are incompl...