This paper proposes a model of choice that does not assume completeness of the decision maker's preferences. The model explains in a natural way, and within a unied framework of choice when preference-incomparable options are present, four behavioural phenomena: the attraction effect, choice...

This paper proves existence of a multiplicity of equilibria in a 2-period TGE model with money and nominal rigidities. Households have in- complete preferences and firms reach decisions through the “control principle” (cf. Dr`eze 1989).

This paper proposes a model of individual choice that does not assume completeness of the decision maker's preferences. The model helps explain in a natural way, and within a unied framework of choice in the presence of preference-incomparable options, three distinct behavioural phenomena: the...