Shortlisting procedure with a limited capacity

B-Tier
Journal: Journal of Mathematical Economics
Year: 2021
Volume: 94
Issue: C

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

A decision maker, who is overwhelmed by the number of available alternatives, limits her consideration. We investigate a model where a decision maker’s capacity determines whether she is overwhelmed: She considers all the available alternatives if their number does not exceed her capacity; otherwise, she applies a shortlisting procedure to reduce the number of alternatives to within her capacity. We show how to deduce the decision maker’s capacity, her preference and the alternatives that she considers from the observed behavior. Furthermore, we provide the necessary and sufficient conditions for a consideration function to be derived by the shortlisting procedure with a limited capacity.

Technical Details

RePEc Handle
repec:eee:mateco:v:94:y:2021:i:c:s0304406820301245
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25