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econ.EM2020
A Recursive Logit Model with Choice Aversion and Its Application to Transportation Networks
Austin Knies, Jorge Lorca, Emerson Melo
We propose a recursive logit model which captures the notion of choice aversion by imposing a penalty term that accounts for the dimension of the choice set at each node of the tra…
econ.EM2017
Discrete Choice and Rational Inattention: a General Equivalence Result
Mogens Fosgerau, Emerson Melo, Andre de Palma +1
This paper establishes a general equivalence between discrete choice and rational inattention models. Matejka and McKay (2015, AER) showed that when information costs are modelled…