This paper focuses on a competing supply chain with two manufacturers to utilize both a manufacturer-led Stackelberg game and horizontal Nash game for studying the green technology choice decisions under consumer green preference. The results indicate that: (1) Given that the two manufacturers...

We compare the welfare costs of tax distortions of labor supply in one- and two-member household discrete and continuous choice labor supply (leisure consumption) models calibrated to the same aggregate uncompensated labor supply elasticities. In the discrete models, taxes induce a large...

We show how to bound the effect of belief-dependent preferences on choices in sequential two-player games without information about the (higher-order) beliefs of players. The approach can be applied to a class of belief-dependent preferences which includes reciprocity (Dufwenberg and...

We show that the magnitude and direction of the attraction effect is sensitive to the valence of the options considered. We suggest that representation and evaluation of attributes are predictably different in negative domains, where the same attribute that was perceived as a promotion attribute...

In this paper we fully characterize an individual's choice behaviour according to three different so-called external references. The first system which we describe axiomatically is standard utility maximization or preference optimization. The second approach characterizes the choice of the...

Acyclicity of individual preferences is a minimal assumption in social choice theory. We replace that assumption by the direct assumption that preferences have maximal elements on a fixed agenda. We show that the core of a simple game is nonempty for all profiles of such preferences if and only...

We study the estimation of risk aversion preferences with experimental data. The focus is on the trade-offs that arise when choosing between two different elicitation methods that have different degrees of difficulty for subjects. We analyze how and when the simpler, but coarser, elicitation...

Our research investigates whether social preferences are stable across contexts in the field. We build a unique data set by recruiting participants from a low-income urban neighborhood to participate in a series of laboratory experiments. Their decisions are used to demonstrate the stability of...

By taking sets of utility functions as a primitive description of agents, we define an ordering over assumptions on utility functions that gauges their implicit measurement requirements. Cardinal and ordinal assumptions constitute two types of measurement requirements, but several standard...

Providing parents choices in education has become an increasingly popular instrument for reforming education in the United States. While existing research on parent satisfaction in private school choice programs shows that parents are satisfied with the schools they have chosen, there is not...