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This paper studies the conditions under which the basic results of the revealed preference theory can be established on … bargaining theory are also studied …
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economic theory of revealed preference, our method can be used whether or not the observed choices are rational. Paralleling … the standard theory we present a model for choice such that the observations arise "as if" they were the result of a …. As in revealed preference theory, these simultaneously held preferences are inferred from the choice data and we use them …
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A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare- theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences...
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We extend the swaps index of rationality, introduced by Apesteguia and Ballester (2015) for a finite set of alternatives, to the standard consumer choice setting with infinite commodity spaces. Applications include consumer demand from competitive budget sets and the state-space approach to...
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Behavioural welfare economics provides tools to elicit welfare preferences when individuals use nonstandard behavioural models. Current proposals either require assumptions on the models or elicit preferences that become coarser and coarser as the dataset grows. We propose an informational...
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