CORE Brown Bag Seminar - Hassan Nosratabadi
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CORE Brown Bag Seminar - Hassan Nosratabadi
18 Sep
Hassan Nosratabadi (ULB. ECARES)
On the Welfare (Ir)Relevance of Two-Stage Models
This paper investigates the welfare relevance of two-stage models of choice. That is, we ask to what extent these models may be used to identify preferences. We show that a large class of the two-stage models can only be identified through direct choice reversals.
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CORE Brown Bag Seminar - Hassan Nosratabadi
18 Sep
Hassan Nosratabadi (ULB. ECARES)
On the Welfare (Ir)Relevance of Two-Stage Models
This paper investigates the welfare relevance of two-stage models of choice. That is, we ask to what extent these models may be used to identify preferences. We show that a large class of the two-stage models can only be identified through direct choice reversals.