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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w13737 |
来源ID | Working 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 |
URL | https://www.nber.org/papers/w13737 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/571412 |
推荐引用方式 GB/T 7714 | B. Douglas Bernheim,Antonio Rangel. Beyond Revealed Preference: Choice Theoretic Foundations for Behavioral Welfare Economics. 2008. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w13737.pdf(381KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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