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Ever since the classical works of Smith and Veblen, economists have recognized that individuals care about their relative positions and status in addition to their own consumption. This paper addresses a new framework of choice experiments in order to specify the shape of utility function with...
Persistent link: https://www.econbiz.de/10003921828
People often tend to be more other-regarding in the laboratory than in the real world. This experiment uses between-subject variations of adapted dictator games to investigate thelarger complexity of finding out the consequences of one’s choices in the real world as asource for that...
Persistent link: https://www.econbiz.de/10013296953
Empirical welfare analyses often impose stringent parametric assumptions on individuals' preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...
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In this paper, preferences for income redistribution in Switzerland are elicited through a Discrete Choice Experiment (DCE) performed in 2008. In addition to the amount of redistribution as a share of GDP, attributes also included its uses (working poor, the unemployed, old-age pensioners,...
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