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Two-stage threshold representations

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posted on 2023-06-09, 08:43 authored by Paola Manzini, Marco Mariotti
We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models that have various interpretations and impose various additional restrictions on behavior. We show that the general class of procedures is characterized by acyclicity of the revealed “first-stage separation relation.”

History

Publication status

  • Published

File Version

  • Published version

Journal

Theoretical Economics

ISSN

1933-6837

Publisher

Econometric Society

Issue

3

Volume

8

Page range

875-882

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2017-11-07

First Open Access (FOA) Date

2017-11-07

First Compliant Deposit (FCD) Date

2017-11-07

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