Two-stage threshold representations
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."
Citation
Manzini , P , Mariotti , M & Tyson , C 2013 , ' Two-stage threshold representations ' , Theoretical Economics , vol. 8 , no. 3 , pp. 875–882 . https://doi.org/10.3982/TE1048
Publication
Theoretical Economics
Status
Peer reviewed
ISSN
1933-6837Type
Journal article
Rights
(c) The authors, published in Theoretical Economics by the Econometric Society. This is an open access article available under a Creative Commons Attribution-NonCommercial license.
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