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Relative consumption concerns or non-monotonic preferences?

Hillesheim, Inga; Mechtel, Mario - 2012

We conduct a classroom survey to investigate the willingness to sacrifice consumption in absolute terms in order to ascend above others in terms of consumption levels. In contrast to other studies using survey methodologies, participants are divided into a treatment and a control group. This...

Persistent link: https://www.econbiz.de/10009633866

The Efficiency of Paternalism

Zamir, Eyal - 2015

Economic analysis, and economic analysis of law in particular, ordinarily assumes that paternalism and efficiency are incompatible bases for analyzing and evaluating rules and actions. Most economists reject paternalism as inefficient. By appealing to the theoretical foundations of normative...

Persistent link: https://www.econbiz.de/10014049411

Libertarian Paternalism, Externalities, and the ‘Spirit of Liberty’ : How Thaler and Sunstein are Nudging Us Toward an ‘Overlapping Consensus’

Desai, Anuj C. - 2013

theory: a humility about the possibility of policymaker error embodied in Learned Hand’s famous aphorism about the “spirit of …

Persistent link: https://www.econbiz.de/10014193492

Choice, Rationality and Welfare Measurement

Green, Jerry R.; Hojman, Daniel - 2007

economic theory of revealed preference, our method can be used whether or not the observed choices are rational. Paralleling … the standard theory we present a model for choice such that the observations arise "as if" they were the result of a …. As in revealed preference theory, these simultaneously held preferences are inferred from the choice data and we use them …

Persistent link: https://www.econbiz.de/10014222674

Wrestling with the Endowment Effect, or How to Do Law and Economics Without the Coase Theorem

Korobkin, Russell B. - 2015

This chapter, written for the forthcoming Oxford Handbook of Behavioral Economics and the Law, describes the endowment effect, with attention not only to what we know about it, but also what remains unclear about both its scope and its underlying causal mechanism, and demonstrates the importance...

Persistent link: https://www.econbiz.de/10014156019

Self Confidence : Intrapersonal Strategies

Bénabou, Roland; Tirole, Jean - 2010

This paper analyzes the self-identification process and its role in motivation. We build a model of self-confidence where people have imperfect knowledge about their ability, which in most tasks is a complement to effort in determining performance. Higher self-confidence thus enhances...

Persistent link: https://www.econbiz.de/10014161487

Informational Requirements of Nudging

Benkert, Jean-Michel; Netzer, Nick - 2016

A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare- theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences...

Persistent link: https://www.econbiz.de/10014136221

Legal Paternalism : Economic Analysis Subject to Deontological Constraints

Zamir, Eyal; Medina, Barak - 2016

This is a chapter of our book titled Law, Economics, and Morality (OUP, 2010), in which we propose to integrate threshold deontological constraints (and options) with cost-benefit analysis, thus combining economic methodology with moderate (threshold) deontological morality. This chapter...

Persistent link: https://www.econbiz.de/10014136676

The Problematic Welfare Standards of Behavioral Paternalism

Whitman, Douglas Glen - 2015

Behavioral paternalism raises deep concerns that do not arise in traditional welfare economics. These concerns stem from behavioral paternalism's acceptance of the defining axioms of neoclassical rationality for normative purposes, despite having rejected them as positive descriptions of...

Persistent link: https://www.econbiz.de/10013028733

Private Contributions to Collective Concerns : Modelling Donor Behaviour

von Kotzebue, Alexander - 2010

The obvious discrepancy between the predictions of the standard model of private provision of public goods and empirical indications have led many economists to search for alternative explanations of the phenomenon of voluntary contributions. Whilst concentrating on models of donor motivation,...

Persistent link: https://www.econbiz.de/10013147424