Working Paper No. 618

Deadlines and Distractions

Published: April 13, 2004; Revised October 12, 2005Pages: 21Keywords: Deadlines; Time-Consistency; Timing of Effort; Optimal IncentivesJEL-codes: D81; J22; M50

Deadlines and Distractions Maria Saez-Marti and Anna Sjögren


We analyze the effect of deadlines on timing of effort when agents are occasionaly distracted. We show that agents get started early when completion of the task is uncertain, but rather likely. Agents who are rarely distracted will always postpone effort since the risk of not completing is small. As a result, agents who are more often distracted may out perform rarely distractes agents. We further show that principals can increase the probability that a task gets done and thus achieve higher profits by setting harsh deadlines, provided that they sometimes grant extensions or postpone the deadline.

 

Interdisciplinary European Studies

The European Union and the Return of the Nation State

9783030350048_200x_the-european-union-and-the-return-of-the-nation-state.jpg

This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

About the book

Events

Seminars organized by IFN

 

To present ongoing research informal brown-bag seminars are held on Mondays at 11:30 am. This is an opportunity for IFN researchers to test ideas and results.

Academically oriented seminars are most of the time held on Wednesdays at 10 am. At these events researchers from IFN and other institutions present their research.

In addition, IFN organizes seminars open to the public. Topics for these are derived from the IFN research.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se