A Note on Reference-Dependent Choice with Threshold Representation

Dan Qin ()

The B.E. Journal of Theoretical Economics, 2020, vol. 20, issue 1, 6

Abstract: This note considers reference-dependent choice procedures shaped by a utility function and a threshold function. Alternatives are considered only when the utility gain of moving from the reference is bigger than the threshold. We impose no requirement on the threshold functions whereas previous works characterize the special case of strictly positive threshold functions. We also examine the case when the threshold function depends on both compared alternatives.

Keywords: reference-dependent choice; endowment effect; threshold function (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/bejte-2018-0142 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejtec:v:20:y:2020:i:1:p:6:n:18

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejte/html

DOI: 10.1515/bejte-2018-0142

Access Statistics for this article

The B.E. Journal of Theoretical Economics is currently edited by Burkhard C. Schipper

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().