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Autor:innen: 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Economics Working Paper Series No. 2024/06
Verlag: 
Auckland University of Technology (AUT), Faculty of Business, Economics and Law, Auckland
Zusammenfassung: 
We introduce a generalisation of Aguiarís (2017) random categorisation rule (RCR) that allows preferences to be category dependent. Our generalised random categorisation rule (GRCR) requires the preferences associated with two di§erent categories to agree on their intersection. We show that this is equivalent to relaxing the completeness and transitivity requirement on the preference relation in the RCR model. The GRCR model is therefore characterised by relaxing Aguiarís (2017) Acyclicity axiom to an Asymmetry axiom. We also provide a characterisation of the model in terms of Block-Marschak polynomials. Finally, we show that a random choice function has a Manzini and Mariotti (2014) model i§ it has both a GRCR representation and a Brady and Rehbeck (2016) model.
Dokumentart: 
Working Paper

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