The Strategic Advantages of Interdependent Preferences: Altruism versus Envy

2020 ◽  
Author(s):  
Sung-Hoon Park

2000 ◽  
Vol 31 (2) ◽  
pp. 303-310 ◽  
Author(s):  
Levent Koçkesen ◽  
Efe A. Ok ◽  
Rajiv Sethi


2009 ◽  
Vol 2 (1) ◽  
pp. 1 ◽  
Author(s):  
François Claveau

An individual's preferences are interdependent when they can be influenced by the behaviour of other agents. This paper analyzes the internal dynamics of an approach in contemporary economics allowing for interdependent preferences, the extended utility approach (EUA), which presents itself as a mild reform of neoclassical economics. I contend that this approach succeeds in broadening the policy perspectives of mainstream economics by challenging neoclassical policy stances. However, this success comes with a limitation: the EUA is unable to supply new consensual policy stances as alternatives to the challenged ones. The reason for this limitation is that the EUA opens the possibility of a wide variety of specifications for the utility function, and policy conclusions are sensitive to the details of these specifications.



Author(s):  
Arie Kapteyn ◽  
Sara van de Geer ◽  
Huib Van de Stadt ◽  
Tom Wansbeek




2013 ◽  
Vol 63 ◽  
pp. 273-289 ◽  
Author(s):  
David Canning ◽  
Isabel Günther ◽  
Sebastian Linnemayr ◽  
David Bloom


2005 ◽  
Vol 41 (6) ◽  
pp. 665-686 ◽  
Author(s):  
Mitsunori Noguchi




2008 ◽  
Vol 46 (2) ◽  
pp. 333-383 ◽  
Author(s):  
Janet Currie ◽  
Firouz Gahvari

We review theoretical explanations for in-kind transfers in light of the limited empirical evidence. After reviewing the traditional paternalistic arguments, we consider explanations based on imperfect information and self-targeting. We then discuss the large literature on in-kind programs as a way of improving the efficiency of the tax system and a range of other possible explanations, including the “Samaritan's Dilemma,” pecuniary effects, credit constraints, asymmetric information amongst agents, and political economy considerations. Our reading of the evidence suggests that paternalism and interdependent preferences are leading overall explanations for the existence of in-kind transfer programs but that some of the other arguments may apply to specific cases. Political economy considerations must also be part of the story.



2017 ◽  
Vol 140 ◽  
pp. 267-286 ◽  
Author(s):  
Maria Gabriella Graziano ◽  
Claudia Meo ◽  
Nicholas C. Yannelis


1972 ◽  
Vol 3 (1) ◽  
pp. 55-75 ◽  
Author(s):  
Frederic Schick


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