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dc.contributor.authorvon Weizsäcker, Carl Christianen
dc.date.accessioned2005-07-19-
dc.date.accessioned2009-08-06T09:27:05Z-
dc.date.available2009-08-06T09:27:05Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aMax Planck Institute for Research on Collective Goods |cBonnen
dc.relation.ispartofseries|aPreprints of the Max Planck Institute for Research on Collective Goods |x2005,11en
dc.subject.ddc330en
dc.subject.keywordWelfare Economicsen
dc.subject.keywordEndogenous Preferencesen
dc.subject.keywordAdaptive Preferencesen
dc.subject.keywordInterpersonal Influences on Preferencesen
dc.subject.keywordImprovement Pathsen
dc.subject.keywordBounded Rationalityen
dc.titleThe welfare economics of adaptive preferences-
dc.typeWorking Paperen
dc.identifier.ppn492850321en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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