EconStor >
Max Planck Institute for Research on Collective Goods, Bonn >
Preprints of the Max Planck Institute for Research on Collective Goods >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/26867
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorvon Weizs├Ącker, Carl Christianen_US
dc.date.accessioned2005-07-19en_US
dc.date.accessioned2009-08-06T09:27:05Z-
dc.date.available2009-08-06T09:27:05Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/26867-
dc.description.abstractIn 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 the existence of a complete pre-ordering of the consumption space in terms of improvement paths which allow endogenous preference changes. It is then shown that welfare economics of improvement paths is also possible with interpersonal influences on preferences. A conjecture is developed that results of recent empirical and experimental research into human economic behaviour corroborate the hypothesis of adaptive preferences.en_US
dc.language.isoengen_US
dc.publisherMax Planck Inst. for Research on Collective Goods Bonnen_US
dc.relation.ispartofseriesPreprints of the Max Planck Institute for Research on Collective Goods 2005,11en_US
dc.subject.ddc330en_US
dc.subject.keywordWelfare Economicsen_US
dc.subject.keywordEndogenous Preferencesen_US
dc.subject.keywordAdaptive Preferencesen_US
dc.subject.keywordInterpersonal Influences on Preferencesen_US
dc.subject.keywordImprovement Pathsen_US
dc.subject.keywordBounded Rationalityen_US
dc.titleThe welfare economics of adaptive preferencesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn492850321en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Preprints of the Max Planck Institute for Research on Collective Goods

Files in This Item:
File Description SizeFormat
492850321.PDF396.73 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.