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Choice via Ownership Rules

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  • Bhavook Bhardwaj
  • Marco LiCalzi

Abstract

We consider a model of collective choice where for each menu there is an agent who is accountable for the choice made. Specifically, we assume that two agents (individuals or selves) allocate choice tasks over different menus using an ownership rule: the owner of the decision over a menu picks what maximizes his own preference and is accountable for it. We characterize three distinct ownership rules under different (nested) choice environments.

Suggested Citation

  • Bhavook Bhardwaj & Marco LiCalzi, 2026. "Choice via Ownership Rules," Papers 2610.06428, arXiv.org.
    • Handle: RePEc:arx:papers:2610.06428
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    References listed on IDEAS

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    2. Ariel Rubinstein, 2012. "Lecture Notes in Microeconomic Theory: The Economic Agent Second Edition," Economics Books, Princeton University Press, edition 2, number 9742, December.
    3. Horan, Sean, 2016. "A simple model of two-stage choice," Journal of Economic Theory, Elsevier, vol. 162(C), pages 372-406.
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