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-purpose measure of value: utility, which is often instrumented by consumption. Collective action is therefore only sustainable where … an extrinsic motive for pro-social behaviour. I formalise the mechanism by proposing a simple utility function in which …
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This paper proposes a geometric delineation of distributional preference types and a non-parametric approach for their identification in a two-person context. It starts with a small set of assumptions on preferences and shows that this set (i) naturally results in a taxonomy of distributional...
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