Although research on export barriers spans five decades, no single prior study has
systematically reviewed findings in this field. This study enriches the discourse on …

The standard revealed preference argument relies on an implicit assumption that a decision
maker considers all feasible alternatives. The marketing and psychology literatures …

There is well-established evidence that decision makers consistently fail to consider all
available options. Instead, they restrict attention to only a subset of alternatives and then …

We introduce and axiomatically characterize a model of status quo bias in which the status
quo affects choices by both imposing psychological constraints and focusing attention. The …

We study collective decisions by time-discounting individuals choosing a common
consumption stream. We show that with any heterogeneity in time preferences, every Pareto …

This paper discusses several competing proposals for general normative frameworks that
would encompass non-standard models of choice. Most existing proposals equate welfare …

We propose a boundedly rational model of choice where agents categorize alternatives
before choosing. The model explains some behavioral anomalies, and it is fully …

This paper develops axiomatically a revealed preference theory of reference-dependent
choice behavior. Instead of taking the reference for an agent as exogenously given in the …

We study collective decisions by time-discounting individuals choosing a common
consumption stream. We show that with any heterogeneity in time preferences, utilitarian …

Revealed preference theory is brought to bear on the problem of recovering approximate
parametric preferences from consistent and inconsistent consumer choices. We propose …