Showing 1 - 10 of 105
Persistent link: https://www.econbiz.de/10011092622
We apply the collective consumption model of Browning, Chiappori and Lew- bel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...
Persistent link: https://www.econbiz.de/10011090930
We consider cooperative games with transferable utility (TU-games), in which we allow for a social structure on the set …
Persistent link: https://www.econbiz.de/10011091453
If decision-makers (DMs) do not always do what is in their best interest, what do choices reveal about welfare? This paper shows how observed choices can reveal whether the DM is acting in her own best interest. We study a framework that relaxes rationality in a way that is common across a...
Persistent link: https://www.econbiz.de/10011091784
We study the public policy implications of a model in which agents do not fully internalize all the conscequences of their actions. Such a model uni es seemingly disconected models with behavioral agents. We evaluate the scope of paternalistic and libertarian-parternalistic policies in the light...
Persistent link: https://www.econbiz.de/10011092671
This paper contrasts the normative implications of a model of decision- making with endogenous frames to those of choice theoretic models of Bernheim and Rangel (2007, 2009) and Rubinstein and Salant (2008) in which observed choices are determined by exogenous frames or ancillary conditions. We...
Persistent link: https://www.econbiz.de/10011092856
We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis. …
Persistent link: https://www.econbiz.de/10011092784
Recent insights from the ‘embodied cognition’ perspective in cognitive science, supported by neural research, provide a basis for a ‘methodological interactionism’ that transcends both the methodological individualism of economics and the methodological collectivism of (some) sociology,...
Persistent link: https://www.econbiz.de/10011090343
In this paper we axiomatically characterize two recursive procedures for defining a social group.The first procedure starts with the set of all individuals who define themselves as members of the social group, while the starting point of the second procedure is the set of all individuals who are...
Persistent link: https://www.econbiz.de/10011090454
Recent work by Kasher and Rubinstein (1997) considers the problem of group identification from a social choice perspective.These authors provide an axiomatic characterization of a liberal aggregator whereby the group consist of those and only those individuals each of which views oneself a...
Persistent link: https://www.econbiz.de/10011091125