Two-stage threshold representations

Manzini, Paola and Mariotti, Marco (2013) Two-stage threshold representations. Theoretical Economics, 8 (3). pp. 875-882. ISSN 1933-6837

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Abstract

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.”

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: H Social Sciences > HB Economic theory. Demography > HB0131 Methodology > HB0135 Mathematical economics. Quantitative methods Including econometrics, input-output analysis, game theory
Depositing User: Professor Paola Manzini
Date Deposited: 07 Nov 2017 11:51
Last Modified: 07 Nov 2017 11:51
URI: http://sro.sussex.ac.uk/id/eprint/71039

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