Numerous studies and experiments suggest that aspirations for desired but perhaps unavailable alternatives influence decisions. A common finding is that an unavailable aspiration steers agents to choose similar available alternatives. We propose and axiomatically characterize a choice theory consistent with this finding. Similarity is modeled using a subjective metric derived from choice data. ...

1. revised and extended axiomatic theory and proof development. 2. a new curriculum with extensive questions, intuitive illustrations of key concepts, exercises in formal proofs, and an emphasis on the use of mathematical logic as a formal tool for the analysis of informal concept". 3. parallel languages-a completely new formal language containing concise formulas for use in proofs together wit...

We explore issues in theory-driven choice modeling by focusing on partial-equilibrium models of dynamic structural demand with forward-looking decision-makers, full equilibrium models that integrate the supply side, integration of bounded rationality in dynamic structural models of choice and public policy implications of these models.

This paper critically surveys the growing literature on policy choices of local governments. First, we identify various reasons for government interactions, including fiscal competition, bidding firms, yardstick expenditure spillovers, and Tiebout sorting. We discuss theoretically what parameters should be estimated to determine reason competition among emphasize how outcomes emerging from this...