Showing 1 - 10 of 439
We analyse consumers' search and purchase decisions on an Internet platform. Using a rich dataset on all adverts posted and transactions made on a major French Internet platform (PriceMinister), we show evidence of substantial price dispersion among adverts for the same product. We also show...
Persistent link: https://www.econbiz.de/10010436160
We propose an extension of Tversky's lexicographic semiorder to a model of boundedly rational choice. We explore the connection with sequential rationalisability of choice, and we provide axiomatic characterisations of both models in terms of observable choice data. -- Lexicographic semiorders ;...
Persistent link: https://www.econbiz.de/10003818077
We study a psychologically based foundation for choice errors. The decision maker applies a preference ranking after …
Persistent link: https://www.econbiz.de/10003976811
We model a general choice environment via probabilistic choice correspondences, with (possibly) incomplete domain and infinite universal set of alternatives. We offer a consistency restriction regarding choice when the feasible set contracts. This condition, 'contraction consistency', subsumes...
Persistent link: https://www.econbiz.de/10003923591
for identifying the intrahousehold decision structure (including the sharing rule) under the same minimalistic assumptions …
Persistent link: https://www.econbiz.de/10010337411
A criminal record can severely damage labor market prospects. While public and private organizations have developed a host of policies to encourage employers to hire people with a record, research suggests some of the policies may have negative unintended consequences. To explore ways to...
Persistent link: https://www.econbiz.de/10012255748
the partner is expected to survive, have a significant causal impact on the preferred pension redistribution decision. The …
Persistent link: https://www.econbiz.de/10012118310
', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated preferences …
Persistent link: https://www.econbiz.de/10011709615
A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...
Persistent link: https://www.econbiz.de/10014454771
This paper studies how a preference for consistency can affect economic decision-making. We propose a two-period model …
Persistent link: https://www.econbiz.de/10009310996