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dc.contributor.authorFabella, Raul V.en
dc.date.accessioned2010-12-09-
dc.date.accessioned2011-06-30T10:21:56Z-
dc.date.available2011-06-30T10:21:56Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/46619-
dc.description.abstractThe Great Recession has called into question many tenets of Neo-classical Microeconomics. Neo-classical theory allows each agent only one fixed type, homo economicus, while not denying other possible types as in adverse selection. We propose that economic agents not only choose their market basket but also their types. Agents are members of groups and each group has social norms to which the agent more or less conforms. His/her market behavior trades off private well being which responds to prices but also social well being which responds to norms. We show how deviation from norms are determined. We also discuss other anomalies in the light of this model.en
dc.language.isoengen
dc.publisher|aUniversity of the Philippines, School of Economics (UPSE) |cQuezon Cityen
dc.relation.ispartofseries|aUPSE Discussion Paper |x2010,12en
dc.subject.ddc330en
dc.subject.stwKonsumentenverhaltenen
dc.subject.stwSoziale Normen
dc.subject.stwRationales Verhaltenen
dc.subject.stwMikroökonomische Konsumfunktionen
dc.titleA multi-level choice theory-
dc.typeWorking Paperen
dc.identifier.ppn641470061en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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