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Economic Man as a Moral Individual

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Author Info

  • Dowell, Richard S
  • Goldfarb, Robert S
  • Griffith, William B

Abstract

The authors propose a concrete method for including moral concerns in preferences. In their framework, the agent maximizes utility subject to constraints but the utility from consuming a specific commodity bundle varies in a 'lumpy' or 'discontinuous' way with the concurrent moral content of the individual's behavior. The authors' method also indicates how constraints vary with this moral content. Their approach seems more intuitively appealing than several competing frameworks and can be used to explain a number of otherwise puzzling phenomena. Copyright 1998 by Oxford University Press.

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Bibliographic Info

Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 36 (1998)
Issue (Month): 4 (October)
Pages: 645-53

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Handle: RePEc:oup:ecinqu:v:36:y:1998:i:4:p:645-53

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Cited by:
  1. Karl Widerquist, 2003. "Public Choice and Altruism," Eastern Economic Journal, Eastern Economic Association, vol. 29(3), pages 317-337, Summer.
  2. Lanse P. Minkler & Thomas J. Miceli, 2002. "Lying, Integrity, and Cooperation," Working papers 2002-39, University of Connecticut, Department of Economics.
  3. Mark White, 2006. "Multiple utilities and weakness of will: A kantian perspective," Review of Social Economy, Taylor & Francis Journals, vol. 64(1), pages 1-20.
  4. Minkler, Lanse, 2004. "Shirking and motivations in firms: survey evidence on worker attitudes," International Journal of Industrial Organization, Elsevier, vol. 22(6), pages 863-884, June.
  5. Eisenhauer, Joseph G., 2008. "Ethical preferences, risk aversion, and taxpayer behavior," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 45-63, February.
  6. Khalil, Elias, 2004. "Integrity, Shame and Self-Rationalization," Vassar College Department of Economics Working Paper Series 55, Vassar College Department of Economics.
  7. Joseph G. Eisenhauer, 2006. "The Shadow Price of Morality," Eastern Economic Journal, Eastern Economic Association, vol. 32(3), pages 437-456, Summer.
  8. Bennett, Richard & Blaney, Ralph, 2002. "Social consensus, moral intensity and willingness to pay to address a farm animal welfare issue," Journal of Economic Psychology, Elsevier, vol. 23(4), pages 501-520, August.

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