Identification of Incomplete Preferences

Luca Rigotti and Arie Beresteanu (arie@pitt.edu)

Papers from arXiv.org

Abstract: We provide a sharp identification region for discrete choice models where consumers' preferences are not necessarily complete even if only aggregate choice data is available. Behavior is modeled using an upper and a lower utility for each alternative so that non-comparability can arise. The identification region places intuitive bounds on the probability distribution of upper and lower utilities. We show that the existence of an instrumental variable can be used to reject the hypothesis that the preferences of all consumers are complete. We apply our methods to data from the 2018 mid-term elections in Ohio.

Date: 2021-08, Revised 2025-02
New Economics Papers: this item is included in nep-dcm, nep-ecm, nep-evo, nep-isf and nep-upt
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Citations: View citations in EconPapers (1)

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http://arxiv.org/pdf/2108.06282 Latest version (application/pdf)

Related works:
Working Paper: Identification of Incomplete Preferences (2021)
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