Showing 61 - 70 of 197
Persistent link: https://www.econbiz.de/10002389274
We develop observable restrictions of well-known theories of bargaining over money. We suppose that we observe a finite data set of bargaining outcomes, including data on allocations and disagreement points, but no information on utility functions. We ask when a given theory could generate the...
Persistent link: https://www.econbiz.de/10011599507
We generalize the standard revealed preference exercise in economics, and prove a sufficient condition under which the revealed preference formulation of an economic theory has universal implications and when these implications can be recursively enumerated. We apply our theorem to two theories...
Persistent link: https://www.econbiz.de/10012010075
Persistent link: https://www.econbiz.de/10012097960
Persistent link: https://www.econbiz.de/10012192289
A planner wants to elicit information about an agent's preference relation, but not the entire ordering. Specifically, preferences are grouped into "types", and the planner only wants to elicit the agent's type. We first assume beliefs about randomization are subjective, and show that a space of...
Persistent link: https://www.econbiz.de/10013189077
We study preferences estimated from finite choice experiments and provide sufficient conditions for convergence to a unique underlying “true” preference. Our conditions are weak and, therefore, valid in a wide range of economic environments. We develop applications to expected utility...
Persistent link: https://www.econbiz.de/10012637173
A planner wants to elicit information about an agent's preference relation, but not the entire ordering. Specifically, preferences are grouped into “types,” and the planner wants only to elicit the agent's type. We first assume that beliefs about randomization are subjective, and show that a...
Persistent link: https://www.econbiz.de/10012637461
Persistent link: https://www.econbiz.de/10003783842
Persistent link: https://www.econbiz.de/10003852741