Aspiration-based choice

Name: Aspiration-based choice
Author: Güney, Begüm, Richter, M., Tsur, M.

İsim	Aspiration-based choice
Yazar	Güney, Begüm, Richter, M., Tsur, M.
Basım Tarihi:	2018-07
Basım Yeri	- Elsevier
Konu	Choice, Similarity, Aspirations, Consumer welfare
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	0022-0531
Kayıt Numarası	8f6f3bd2-58c3-451d-9fac-495b3bd33c51
Lokasyon	Economics
Tarih	2018-07
Örnek Metin	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.
DOI	10.1016/j.jet.2018.05.003
Cilt	176

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Aspiration-based choice

Yazar Güney, Begüm, Richter, M., Tsur, M.

Basım Tarihi 2018-07

Basım Yeri - Elsevier

Konu Choice, Similarity, Aspirations, Consumer welfare

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 0022-0531

Kayıt Numarası 8f6f3bd2-58c3-451d-9fac-495b3bd33c51

Lokasyon Economics

Tarih 2018-07

Örnek Metin 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.

DOI 10.1016/j.jet.2018.05.003

Cilt 176