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We propose that outcome utility and process utility can be distinguished and empirically measured. People gain … procedural utility from participating in the political decision-making process itself, irrespective of the outcome. Nationals … enjoy both outcome and process utility, while foreigners are excluded from political decision-making and therefore cannot …
Persistent link: https://www.econbiz.de/10011398899
important case of independence, it is shown that the self-employed derive more utility from their work than people employed by … an organization, irrespective of income gained or hours worked. This is evidence for procedural utility: people do not …
Persistent link: https://www.econbiz.de/10011507967
Persistent link: https://www.econbiz.de/10002197426
People not only obtain utility from actual outcomes but also from the conditions which lead to these outcomes. The … paper proposes an economic concept of this notion of procedural utility. Preferences beyond outcome can be manifold. We … distinguish procedural utility people get from institutions as such, i.e. from how allocative and redistributive decisions are …
Persistent link: https://www.econbiz.de/10014070501