Cargando…
Revealed desirability: a novel instrument for social welfare
The note puts forward the idea of revealed desirability, a novel instrument, which like revealed preference is observable from choice and important for individual and social welfare. We provide the axiomatic underlying individual’s choice model, preliminary experimental results that support the idea...
| Autor principal: | |
|---|---|
| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer US
2022
|
| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8782716/ https://www.ncbi.nlm.nih.gov/pubmed/35095121 http://dx.doi.org/10.1007/s11238-021-09855-8 |
| Sumario: | The note puts forward the idea of revealed desirability, a novel instrument, which like revealed preference is observable from choice and important for individual and social welfare. We provide the axiomatic underlying individual’s choice model, preliminary experimental results that support the idea, and an appealing allocation rule that uses the revealed desirability information along with the revealed-preference information. SUPPLEMENTARY INFORMATION: The online version supplementary material available at 10.1007/s11238-021-09855-8. |
|---|