Publication: Aspiration-based choice
| dc.contributor.author | Güney, Begüm | |
| dc.contributor.author | Richter, M. | |
| dc.contributor.author | Tsur, M. | |
| dc.contributor.department | Economics | |
| dc.contributor.ozuauthor | GÜNEY, Begüm | |
| dc.date.accessioned | 2018-10-08T13:10:37Z | |
| dc.date.available | 2018-10-08T13:10:37Z | |
| dc.date.issued | 2018-07 | |
| dc.description.abstract | Numerous 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.identifier.doi | 10.1016/j.jet.2018.05.003 | en_US |
| dc.identifier.endpage | 956 | en_US |
| dc.identifier.issn | 0022-0531 | en_US |
| dc.identifier.scopus | 2-s2.0-85047600680 | |
| dc.identifier.startpage | 935 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10679/5999 | |
| dc.identifier.uri | https://doi.org/10.1016/j.jet.2018.05.003 | |
| dc.identifier.volume | 176 | en_US |
| dc.identifier.wos | 000439751500029 | |
| dc.language.iso | eng | en_US |
| dc.peerreviewed | yes | en_US |
| dc.publicationstatus | Published | en_US |
| dc.publisher | Elsevier | en_US |
| dc.relation.ispartof | Journal of Economic Theory | |
| dc.relation.publicationcategory | International Refereed Journal | |
| dc.rights | restrictedAccess | |
| dc.subject.keywords | Choice | en_US |
| dc.subject.keywords | Similarity | en_US |
| dc.subject.keywords | Aspirations | en_US |
| dc.subject.keywords | Consumer welfare | en_US |
| dc.title | Aspiration-based choice | en_US |
| dc.type | article | en_US |
| dspace.entity.type | Publication | |
| relation.isOrgUnitOfPublication | 2afe80e3-623c-4807-a57e-2ce75845ccea | |
| relation.isOrgUnitOfPublication.latestForDiscovery | 2afe80e3-623c-4807-a57e-2ce75845ccea |
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