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Classical definitions of complementarity are based on cross price elasticities, and so they do not apply, for example, when goods are free. This context includes many relevant cases such as online newspapers and public attractions. We look for a complementarity notion that does not rely on price...
Persistent link: https://www.econbiz.de/10010517697
We propose a novel method to model an agent who is imperfectly attentive in the sense that she may consider only some of the alternatives available. Our methodology departs from the standard 'revealed preference' one: we make plausible assumptions on the values to the imperfectly attentive agent...
Persistent link: https://www.econbiz.de/10010517698
There are many situations in which alternatives ranked by quality wish to be chosen and compete for the imperfect attention of a chooser by selecting their own salience. The chooser may be "tricked" into choosing more salient but inferior alternatives. We investigate when competitive forces...
Persistent link: https://www.econbiz.de/10010517700
Suflicientarianism is a prominent approach in political philosophy and in policy analyses. However, it is virtually absent from the formal normative economics liter­ature. We analyse suflicientarianism axiomatically in the context of the allocation of opportunities (formalised as chances of...
Persistent link: https://www.econbiz.de/10012150045
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In the context of the two-stage threshold model of decision making, with the agent's choices determined by the interaction of three "structural variables," we study the restrictions on behavior that arise when one or more variables are exogenously known. Our results supply necessary and...
Persistent link: https://www.econbiz.de/10011446163
We analyse the liberal ethics of non-interference applied to social choice. Two liberal principles capturing non-interfering views of society, inspired by J.S. Mill's conception of liberty are examined, which capture the idea that society should not penalise agents after changes in their...
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