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Additive-Belief-Based Preferences
Dillenberger, David; Raymond, Collin - 2020
We introduce a new class of preferences — which we call additive-belief-based (ABB) —that captures a general and yet tractable approach to belief-based utility, and that encompasses many popular models in the behavioral literature. We show that the general class of ABB preferences and two...
Persistent link: https://www.econbiz.de/10014096033
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Predictive Power in Behavioral Welfare Economics
Bouacida, Elias - 2020
When choices are inconsistent due to behavioral biases, there is a theoretical debate about whether the structure of a model is necessary for providing precise welfare guidance based on those choices. To address this question empirically, we use standard data sets from the lab and field to...
Persistent link: https://www.econbiz.de/10012854600
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Legal Uncertainty as a Welfare Enhancing Screen
Lang, Matthias - 2016
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10012977556
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Dynamic Information Aggregation and Welfare
Bernardinelli, Luca - 2019
the economy, several agents make consumption and investment decisions based on public information — prices and dividends … — and private signals. We obtain the equilibrium in closed form, assuming that each investor has constant absolute risk … of risk. Overall, the equilibrium reaches perfect informational efficiency at the expense of agents' welfare …
Persistent link: https://www.econbiz.de/10012860556
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Social welfare and individual preferences under uncertainty : a questionnaire-experimental approach
Amiel, Yoram; Cowell, Frank A. - In: Inequality and poverty : papers from the Society for …, (pp. 345-362). 2007
Persistent link: https://www.econbiz.de/10003501507
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Surfing Incognito : Welfare Effects of Anonymous Shopping
Lagerlöf, Johan N. M. - 2019
This paper studies consumers' incentives to hide their purchase histories when the seller's prices depend on previous behavior. Through distinct channels, hiding both hinders and facilitates trade. Indeed, the social optimum involves hiding to some extent, yet not fully. Two opposing effects...
Persistent link: https://www.econbiz.de/10012896790
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Chapter 24 Selfishness, altruism and normative principles in the economic analysis of social transfers
Blanchet, Didier; Fleurbaey, Marc - In: Handbook of the economics of giving, altruism and …, (pp. 1465-1503). 2006
This chapter examines the role of altruistic motives in the economic analysis of public social transfers, both from a positive and from a normative point of view. The positive question is to know whether we can fully neglect altruistic considerations to explain the development or sustainability...
Persistent link: https://www.econbiz.de/10014023654
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Resolute Choice in Interaction : A Welfare Comparison
Lotito, Gianna - 2022
In this paper we extend the model of Resolute Choice to a situation of interaction and compare it with the Sophisticated-subgame perfect equilibrium and the Myopic Choice models in terms of welfare implications. The framework adopted is a non-cooperative game in which two players with different...
Persistent link: https://www.econbiz.de/10014243566
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Interpreting the will of the people: a positive analysis of ordinal preference aggregation
Ambuehl, Sandro; Bernheim, Bert Douglas - 2021
"the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify …
Persistent link: https://www.econbiz.de/10012625509
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Homothetic preferences revealed
Heufer, Jan; Hjertstrand, Per - 2017
We propose a method to recover homothetic preferences from choice data with minor optimization or measurement errors. Our method allows for a more detailed graphical analysis to reveal subjects' preferences and to choose appropriate functional forms for parametric analysis. It can also be used...
Persistent link: https://www.econbiz.de/10011754165