Most economic models assume that individuals act out their preferences based on self-interest alone. However, there have also been other paradigms in economics that aim to capture aspects of behavior that include fairness, reciprocity, and altruism. In this study we empirically examine preferences of travel time and income distributions with and without the respondent knowing their own position in each distribution. The data comes from a Stated Preference experiment where subjects were presented paired alternative distributions of travel time and income. The alternatives require a tradeoff between distributional concerns and the respondent’s own position. Choices also do not penalize or reward any particular choice. Overall, choices show in...
Social preference models were originally constructed to explain why people spend money to affect the...
Economists are becoming increasingly interested in the decision process involved in making a choice ...
A consensus seems to be emerging in economics that at least three motives are at work in many strate...
Abstract Most economic models assume that individuals act out their preferences based on self-intere...
Most economic models assume that individuals act out their preferences based on their own self inter...
We examined different model specifications to detect the presence of preference heterogeneity in a m...
Out-of-home leisure activities are often conducted jointly by individuals implying that location and...
Efficiently allocating scarce healthcare resources requires nuanced understanding of individual and ...
ABSTRACT: Individuals when faced with choices amongst a number of alternatives often adopt a variety...
Altruistic preferences of various forms may cause difficulties in welfare economics. In the valuatio...
In settings where other-regarding motives are likely to be (and some would argue, should be) at the ...
We report a laboratory experiment that enables us to distinguish preferences for altruism (concernin...
Formulation and specification of activity analysis models require better understanding of time alloc...
Formulation and specification of activity analysis models require better understanding of time alloc...
We present a model of a 2-person-2-period-economy with specific (human) capital. Although the indivi...
Social preference models were originally constructed to explain why people spend money to affect the...
Economists are becoming increasingly interested in the decision process involved in making a choice ...
A consensus seems to be emerging in economics that at least three motives are at work in many strate...
Abstract Most economic models assume that individuals act out their preferences based on self-intere...
Most economic models assume that individuals act out their preferences based on their own self inter...
We examined different model specifications to detect the presence of preference heterogeneity in a m...
Out-of-home leisure activities are often conducted jointly by individuals implying that location and...
Efficiently allocating scarce healthcare resources requires nuanced understanding of individual and ...
ABSTRACT: Individuals when faced with choices amongst a number of alternatives often adopt a variety...
Altruistic preferences of various forms may cause difficulties in welfare economics. In the valuatio...
In settings where other-regarding motives are likely to be (and some would argue, should be) at the ...
We report a laboratory experiment that enables us to distinguish preferences for altruism (concernin...
Formulation and specification of activity analysis models require better understanding of time alloc...
Formulation and specification of activity analysis models require better understanding of time alloc...
We present a model of a 2-person-2-period-economy with specific (human) capital. Although the indivi...
Social preference models were originally constructed to explain why people spend money to affect the...
Economists are becoming increasingly interested in the decision process involved in making a choice ...
A consensus seems to be emerging in economics that at least three motives are at work in many strate...