G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w13737
来源IDWorking Paper 13737
Beyond Revealed Preference: Choice Theoretic Foundations for Behavioral Welfare Economics
B. Douglas Bernheim; Antonio Rangel
发表日期2008-01-22
出版年2008
语种英语
摘要We propose a broad generalization of standard choice-theoretic welfare economics that encompasses a wide variety of non-standard behavioral models. Our approach exploits the coherent aspects of choice which those positive models typically attempt to capture. It replaces the standard revealed preference relation with an unambiguous choice relation: roughly, x is (strictly) unambiguously chosen over y (written xP*y) if y is never chosen when x is available. Under weak assumptions, P* is acyclic and therefore suitable for welfare analysis; it is also the most discerning welfare criterion that never overrules choice. The resulting framework generates natural counterparts for the standard tools of applied welfare economics, and is easily applied in the context of specific behavioral theories, with novel implications. Though not universally discerning, it lends itself to principled refinements.
主题Microeconomics ; Welfare and Collective Choice ; Public Economics ; Public Goods
URLhttps://www.nber.org/papers/w13737
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/571412
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GB/T 7714
B. Douglas Bernheim,Antonio Rangel. Beyond Revealed Preference: Choice Theoretic Foundations for Behavioral Welfare Economics. 2008.
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