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Games with switching costs and endogenous references

Guney, Begum; Richter, Michael - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 617-650

We introduce a game-theoretic model with switching costs and endogenous references. An agent endogenizes his reference strategy and then, taking switching costs into account, he selects a strategy from which there is no profitable deviation. We axiomatically characterize this selection procedure...

Persistent link: https://www.econbiz.de/10013273768

On rational choice and the representation of decision problems

Oliva, Paulo; Zahn, Philipp - In: Games 12 (2021) 4, pp. 1-21

, simplifying their choice process. For instance, in the case of a list he or she can use the order in which alternatives are … represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … choice procedures are related to classical choice functions by a canonical mapping. Using this mapping, we can ask whether …

Persistent link: https://www.econbiz.de/10012698098

Parallel inverse aggregate demand curves in discrete choice models

Kroft, Kory; Leal-Vizcaíno, René; Notowidigdo, Matthew J. - In: Economic theory 74 (2022) 3, pp. 923-946

This paper highlights a previously unnoticed property of commonly-used discrete choice models, which is that they …

Persistent link: https://www.econbiz.de/10013442105

Costly switching from a status quo

Guney, Begum; Richter, Michael - In: Journal of economic behavior & organization : JEBO 156 (2018), pp. 55-70

Persistent link: https://www.econbiz.de/10012102359

Monotone threshold representations

Frick, Mira - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 3, pp. 757-772

Motivated by the literature on ``choice overload'', we study a boundedly rational agent whose choice behavior admits a … of the model, extending familiar characterizations of rational choice. We classify monotone threshold representations as … satisficing'' model as well as Fishburn (1975) and Luce's (1956) model of choice behavior generated by a semiorder. We …

Persistent link: https://www.econbiz.de/10011671902

Enjoyment takes time : some implications for choice theory

Nisticò, Sergio - 2015

The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the …. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …

Persistent link: https://www.econbiz.de/10010485641

Social activity and network formation

Baetz, Oliver - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 2, pp. 315-340

This paper develops a simple model in which a social hierarchy emerges endogenously when agents form a network for complementary interaction (``activity''). Specifically, we assume that agents are ex ante identical and their best response activity, as well as their value function, increases...

Persistent link: https://www.econbiz.de/10011673491

The evolution of networks and local public good provision : a potential approach

Kinateder, Markus; Merlino, Luca Paolo - In: Games 12 (2021) 3, pp. 1-12

In this paper, we propose a game in which each player decides with whom to establish a costly connection and how much local public good is provided when benefits are shared among neighbors. We show that, when agents are homogeneous, Nash equilibrium networks are nested split graphs....

Persistent link: https://www.econbiz.de/10012591497

Strategic behavior of moralists and altruists

Alger, Ingela; Weibull, Jörgen W. - In: Games 8 (2017) 3, pp. 1-21

Does altruism and morality lead to socially better outcomes in strategic interactions than selfishness? We shed some light on this complex and non-trivial issue by examining a few canonical strategic interactions played by egoists, altruists and moralists. By altruists, we mean people who do not...

Persistent link: https://www.econbiz.de/10011771133

Sociology of sociology : strengthening the role of social sciences as a new priority of climate and sustainability policy

Strzałkowski, Andrzej - In: Economic and environmental studies : a journal for … 16 (2016) 3, pp. 453-468

Today, there are a lot of studies on climate change and sustainability from social sciences’ perspectives. Achievements of sociology, psychology or political sciences can be extremely helpful in designing, adopting, implementing and evaluating of effective climate and sustainability policy....

Persistent link: https://www.econbiz.de/10011565579