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| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Demand and supply of infrequent payments as a commitment device: evidence from Kenya |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
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| Journal Title | American Economic Review |
| Publisher | American Economic Association |
| Geographical Reach | international |
| ISSN | 0002-8282 |
| Volume | 109 |
| Number | 2 |
| Page Range | 523 - 555 |
| Date | 2019 |
| Abstract Text | Despite extensive evidence that preferences are often time-inconsistent, there is only scarce evidence of willingness to pay for commitment. Infrequent payments for frequently provided goods and services are a common feature of many markets and they may naturally provide commitment to save for lumpy expenses. Multiple experiments in the Kenyan dairy sector show that: (i) farmers are willing to incur sizable costs to receive infrequent payments as a commitment device, (ii) poor contract enforcement, however, limits competition among buyers in the supply of infrequent payments. We then present a model of demand and supply of infrequent payments and test its additional predictions. |
| Free access at | DOI |
| Official URL | https://www.aeaweb.org/articles?id=10.1257/aer.20180281 |
| Digital Object Identifier | 10.1257/aer.20180281 |
| Other Identification Number | merlin-id:17504 |
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| Keywords | Economics and Econometrics |