Rational Inattention, Competitive Supply, and Psychometrics*

S-Tier
Journal: Quarterly Journal of Economics
Year: 2020
Volume: 135
Issue: 3
Pages: 1681-1724

Authors (4)

Andrew Caplin (not in RePEc) Dániel CsabaQuantCo (not in RePEc) John Leahy Oded Nov (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 4 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We introduce a simple method of recovering attention costs from choice data. Our method rests on a precise analogy with production theory. Costs of attention determine consumer demand and consumer welfare, just as a competitive firm’s technology determines its supply curve and profits. We implement our recovery method experimentally, outline applications, and link our work to the broader literature on inattention and mistaken decisions.

Technical Details

RePEc Handle
repec:oup:qjecon:v:135:y:2020:i:3:p:1681-1724.
Journal Field
General
Author Count
4
Added to Database
2026-01-25