Exclusive shortlisting choice with reference

Dan Qin ()

Economics Letters, 2021, vol. 198, issue C

Abstract: This study extends Masatlioglu and Ok’s (2014) results to characterize a reference-dependent shortlisting model with asymmetric, acyclic, transitive, and linear order first-stage criterion. The exercise is meaningful in two ways. Firstly, many practical situations fit these assumptions. Secondly, the results are useful in the comparison of reference-dependent and reference-free two-stage choices.

Keywords: Reference-dependence choice; Shortlisting; Bounded rationality (search for similar items in EconPapers)
JEL-codes: D1 D10 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:198:y:2021:i:c:s0165176520304353

DOI: 10.1016/j.econlet.2020.109675

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