Showing 1 - 10 of 698
Persistent link: https://www.econbiz.de/10003133331
Persistent link: https://www.econbiz.de/10001436357
We investigate the implications of relaxing Arrow's independence of irrelevant alternatives axiom while retaining transitivity and the Pareto condition. Even a small relaxation opens a floodgate of possibilities for nondictatorial and efficient social choice
Persistent link: https://www.econbiz.de/10014176086
Credence goods markets suffer from inefficiencies caused by superior information of sellers about the surplus …
Persistent link: https://www.econbiz.de/10010479932
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...
Persistent link: https://www.econbiz.de/10010191920
Persistent link: https://www.econbiz.de/10011748956
Persistent link: https://www.econbiz.de/10008935070
Normative reasoning in welfare economics and social contract theory usually presumes invariable, context-independent individual preferences. Following recent work particularly in behavioral economics this assumption is difficult to defend. This paper therefore explores what can be said about...
Persistent link: https://www.econbiz.de/10008658349
Persistent link: https://www.econbiz.de/10010229063
While previous research has shown that social preferences develop in childhood, we study whether this development is accompanied by reduced use of deception when lies would harm others, and increased use of deception to benefit others. In a sample of children aged between 7 and 14, we find...
Persistent link: https://www.econbiz.de/10010229316