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dc.contributor.authorGüney, Begüm
dc.contributor.authorRichter, M.
dc.contributor.authorTsur, M.
dc.date.accessioned2018-10-08T13:10:37Z
dc.date.available2018-10-08T13:10:37Z
dc.date.issued2018-07
dc.identifier.issn0022-0531en_US
dc.identifier.urihttp://hdl.handle.net/10679/5999
dc.identifier.urihttps://www.sciencedirect.com/science/article/pii/S0022053118301613
dc.description.abstractNumerous studies and experiments suggest that aspirations for desired but perhaps unavailable alternatives influence decisions. A common finding is that an unavailable aspiration steers agents to choose similar available alternatives. We propose and axiomatically characterize a choice theory consistent with this aspirational effect. Similarity is modeled using a subjective metric derived from choice data. This model offers implications for consumer welfare and its distribution between rich and poor when firms compete for aspirational agents, and a novel rationale for sales.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Economic Theory
dc.rightsrestrictedAccess
dc.titleAspiration-based choiceen_US
dc.typeArticleen_US
dc.peerreviewedyesen_US
dc.publicationstatusPublisheden_US
dc.contributor.departmentÖzyeğin University
dc.contributor.authorID(ORCID 0000-0002-8638-6295 & YÖK ID 158784) Güney, Begüm
dc.contributor.ozuauthorGüney, Begüm
dc.identifier.volume176en_US
dc.identifier.startpage935en_US
dc.identifier.endpage956en_US
dc.identifier.wosWOS:000439751500029
dc.identifier.doi10.1016/j.jet.2018.05.003en_US
dc.subject.keywordsChoiceen_US
dc.subject.keywordsSimilarityen_US
dc.subject.keywordsAspirationsen_US
dc.subject.keywordsConsumer welfareen_US
dc.identifier.scopusSCOPUS:2-s2.0-85047600680
dc.contributor.authorFemale1
dc.relation.publicationcategoryArticle - International Refereed Journal - Institution Academic Staff


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