2006–2010

Deadlines and Distractions

Reprint No. 2008:30

Author(s): Maria Sáez-Martí and Anna SjögrenYear: 2008 Title: Journal of Economic Theory Volume (No.): 143 (1) Pages: 153–176


We consider a task, demanding a sequence of efforts, that must be completed by a deadline. Effort is not contractible. Agents face shocks to their opportunity cost of time and are sometimes distracted from work. We show that agents who are often distracted may outperform agents who are distracted less often. The reason is that anticipation of distractions induces agents to start earlier for precautionary reasons. Principals can increase the probability of completion, and achieve higher profits, by strategically setting “tight” deadlines, provided that the deadlines can be extended with some positive probability.


Reference:
Sáez-Martí, Maria and Anna Sjögren (2008), "Deadlines and Distractions". Journal of Economic Theory 143(1), 153–176.

Elgar Companion to

Social Capital and Health

Martin Ljunge okt 2018.jpg

Martin Ljunge, IFN, is the author of a chapter, "Trust promotes health: addressing reverse causality by studying children of immigrants", in a new book edited by Sherman Folland and Eric Nauenberg. The cutting edge of research is presented, covering the ever-expanding social capital field.

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