Bruyneel, Sabrina; Cherchye, Laurens; Cosaert, Sam; De … - In: Quantitative Economics 8 (2017) 3, pp. 1037-1082
We propose a method to quantify other-regarding preferences in group decisions. Our method is based on revealed preference theory. It measures willingness-to- pay for others' consumption and willingness-to-pay for equality in consumption by evaluating consumption externalities in monetary terms....