Partial knowledge restrictions on the two-stage threshold model of choice

Manzini, Paola, Mariotti, Marco and Tyson, Christopher J (2016) Partial knowledge restrictions on the two-stage threshold model of choice. Journal of Mathematical Economics, 64. pp. 41-47. ISSN 0304-4068

[img] PDF - Accepted Version
Download (285kB)

Abstract

In the context of the two-stage threshold model of decision making, with the agent's choices determined by the interaction of three "structural variables", we study the restrictions on behavior that arise when one or more variables are exogenously known. Our results supply nec- essary and sufficient conditions for consistency with the model for all possible states of partial knowledge, and for both single- and multi- valued choice functions.

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 12:00
Last Modified: 07 Nov 2017 12:00
URI: http://sro.sussex.ac.uk/id/eprint/71040

View download statistics for this item

📧 Request an update