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Search, choice, and revealed preference

Caplin, Andrew; Dean, Mark - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 1, pp. 19-48

With complete information, choice of one option over another conveys preference. Yet when search is incomplete, this is not necessarily the case. It may instead reflect unawareness that a superior alternative was available. To separate these phenomena, we consider non-standard data on the...

Persistent link: https://www.econbiz.de/10011695096