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Behavioral welfare economics [PDF]

open access: diamondPanoeconomicus, 2010
U radu se raspravlja o nekoliko predloga za opšti normativni okvir koji bi obuhvatio nestandardne modele izbora. Većina postojećih predloga izjednačava blagostanje sa dobrobiti.
Bernheim Douglas B.
doaj   +10 more sources

Toward Choice-Theoretic Foundations for Behavioral Welfare Economics [PDF]

open access: green, 2007
Interest in behavioral economics has grown in recent years, stimulated largely by accumulating evidence that the standard model of consumer decision making provides an inadequate, positive description of human behavior. Behavioral models are increasingly
B. Douglas Bernheim, Antonio Rangel
openalex   +4 more sources

Values in Welfare Economics [PDF]

open access: greenSSRN Electronic Journal, 2021
This chapter focuses on the inner rationale and consequences of four different archetypal positions regarding how ethical and political values are tackled in welfare economics. Welfare economics is standardly associated with the welfarist framework, for which social welfare is based on individual utility only.
Antoinette Baujard
openalex   +6 more sources

Behavioral Welfare Economics [PDF]

open access: yesJournal of Benefit-Cost Analysis, 2020
A growing body of normative work explores whether and how deference to people’s choices might be reconciled with behavioral findings about human error. This work has strong implications for economic analysis of law, cost–benefit analysis, and regulatory ...
C. Sunstein
semanticscholar   +2 more sources

Mark Blaug on the normativity of welfare economics

open access: diamondErasmus Journal for Philosophy and Economics, 2014
This article examines Mark Blaug's position on the normative character of Paretian welfare economics in general, and also specifically with respect to his debate with Pieter Hennipman over this question during the 1990s.
D. Wade Hands
doaj   +3 more sources

People, Places and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs [PDF]

open access: greenSocial Science Research Network, 2013
Most countries exhibit large and persistent geographical differences in wages, income, and unemployment rates. A growing class of place-based policies attempts to address these differences through public investments and subsidies that target ...
Patrick Kline, Enrico Moretti
openalex   +2 more sources

The Welfare Economics of Adaptive Preferences [PDF]

open access: greenSSRN Electronic Journal, 2005
In this paper I demonstrate that a reasonable welfare theoretic concept of progress can be made consistent with the assumption of endogenously changing preferences as long as these preference changes correspond to the pattern of adaptive preferences. The main theorem of the paper shows that under certain additional conditions adaptive preferences imply
Carl Christian von Weizsäcker
openalex   +5 more sources

Private Property Rights, Government Interventionism and Welfare Economics [PDF]

open access: diamondReview of Economic Perspectives, 2019
We develop a critique of government interventionism based on the Misesian calculation argument against socialism. If private property rights and relative prices based on supply and demand are necessary for successful economic coordination, then ...
Jankovic Ivan, Block Walter
doaj   +2 more sources

Directly Valuing Animal Welfare in (Environmental) Economics

open access: green, 2020
Research in economics is anthropocentric. It only cares about the welfare of humans, and usually does not concern itself with animals. When it does, animals are treated as resources, biodiversity, or food.
Alexis Carlier, Nicolas Treich
openalex   +3 more sources

Empirical welfare economics

open access: diamondTheoretical Economics
Welfare economics relies on access to agents' utility functions: we revisit classical questions in welfare economics, assuming access to data on agents' past choices instead of their utilities. Our main result considers the existence of utilities that render a given allocation Pareto optimal.
Christopher P. Chambers   +1 more
openalex   +3 more sources

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