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Social time preference [PDF]

open access: possibleJournal of Population Economics, 2000
The observed practice of discounting the future should not be rationalised on the grounds of myopia or selfishness. A positive rate of pure time preference is necessary to ensure that heterogeneous generations are treated in an egalitarian fashion. A zero social discount rate would yield intertemporal allocations which are biased against the current ...
MARINI, GIANCARLO   +1 more
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Analysis of Social Preference

IFAC Proceedings Volumes, 1982
Abstract Since 1973 Government of Japan has made a survey of social preference, i.e. how people feel about their living conditions, once for three years. This paper presents results of the analysis of the data of the most recent survey, i.e. in 1978.
Y. Kaya, S. Mori
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Metrizing social preference

Theory and Decision, 1972
In his Introduction to Value Theory N. Rescher suggests a procedure by which individual valuations can be combined to yield meaningful and accurate social valuation measures. A social valuation is the effective average m* of individual valuations, such that: $$m^ * = m - \tfrac{1}{2}\sigma $$ , where m is the mean of individual valuations and σ ...
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Revealed social preference

Social Choice and Welfare, 1987
This is a preliminary exploration of the possibility of recovering efficient allocations from demand and supply observations in a general equilibrium framework under alternative assumptions about the structure of individual preference.
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Social norms or social preferences?

Mind & Society, 2010
Some behavioral economists argue that the honoring of social norms can be adequately modeled as the optimization of social utility functions in which the welfare of others appears as an explicit argument. This paper suggests that the large experimental claims made for social utility functions are premature at best, and that social norms are better ...
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Social Decisions without Social Preferences

1971
One of the most sacred foundations of economic reasoning is that decisions are a reflection and implementation of preferences. Consumers ’ decisions reveal ‘revealed preference ’. Business decisions are intended to maximise profits because businessmen prefer higher profits to lower. All decisions are intended to obtain the more preferred in lieu of the
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