Never choose the uniquely largest A Characterization

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 8
Issue: 2
Pages: 239-249

Authors (2)

Nick Baigent (not in RePEc) Wulf Gaertner (Universität Osnabrück)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

In this paper we characterize choice behaviour that picks the second largest element if there is a uniquely largest; otherwise, the largest elements are picked. Having defined our choice function, we offer a complete characterization of the latter in terms of pure choice function conditions. Similarities to and divergences from conventional choice theory are explained. We discuss the motivations underlying our exercise and provide several examples for the axiomatized choice behaviour.

Technical Details

RePEc Handle
repec:spr:joecth:v:8:y:1996:i:2:p:239-249
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25