Economics has experienced an inflow of fresh ideas following the addition of elements from psychology into economic models. A recent literature incorporates intrapersonal tensions into these models. The present paper provides a step in this direction. Our basic premise is the existence of three types of brain-based conflicts: first, a conflict between the information available in different area...

Given a social network where the users are associated with non-uniform selection cost, problem of Budgeted Influence Maximization (BIM in short) asks for selecting subset nodes within an allocated budget initial activation, such that due to cascading effect, influence is maximized. In this paper, we study variation, marked as target users, each them assigned benefit and can be earned by influen...

A large body of discrete-choice demand studies estimate a model in which the consumer’s budget constraint is not taken into account. We illustrate how incorrectly specifying consideration set, when fact binds for some products, may bias estimates. and quantify nature three ways: (i) analytical examples; (ii) field data commonly used literature (iii) Monte Carlo study. find that price sensitivit...

We study optimal procurement mechanisms for a financially constrained buyer subject to ex post incentive compatibility and individual rationality. In our setup, a buyer who has a fixed budget wishes to purchase a homogeneous product up to a maximum demand amount. We characterize the optimal mechanism when the budget constraint always binds and when the maximum demand constraint always binds. Wh...