Simple preference intensity comparisons

Gerasimou, G. (2021) Simple preference intensity comparisons. Journal of Economic Theory, 192, 105199. (doi: 10.1016/j.jet.2021.105199)

Abstract

We propose and analyze a general model of simple preference intensity comparisons. The model encompasses those that belong to the utility-difference class, has transparent behavioural underpinnings and features purely ordinal uniqueness properties. Its empirical content is characterized by an easily testable condition on dual behavioural data that include choices and additional observables with intensity-revealing potential that are often elicited in experimental/empirical work, such as survey ratings, response times or willingness to pay.

• Item Type: Articles
• Keywords: Ordinal preference intensities, Preference intensity functions, Revealed preference intensity
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Gerasimou, Professor Georgios
• Authors: Gerasimou, G.
• College/School: College of Social Sciences > Adam Smith Business School > Economics
• Journal Name: Journal of Economic Theory
• Publisher: Elsevier
• ISSN: 0022-0531
• ISSN (Online): 1095-7235
• Published Online: 14 January 2021
• Copyright Holders: Copyright © 2021 Elsevier Inc.
• First Published: First published in Journal of Economic Theory 192:105199
• Publisher Policy: Reproduced in accordance with the copyright policy of the publisher