A Theory of Endogenous Sentiments
AbstractWe present a model in which each agent's sentiments toward others are determined endogenously on the basis of how they behave relative to a standard of appropriate behavior. As sentiments change, so too does the optimal behavior of each individual, which in turn affects other agents' sentiments toward them. We focus on fixed points of this reciprocal adjustment process. To demonstrate the potential use and implications of such a model, we present an extended example involving team production. We then consider various standards of behavior, and we examine stationary patterns of behavior and sentiments under each.
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Bibliographic InfoPaper provided by Barcelona Graduate School of Economics in its series Working Papers with number 102.
Date of creation: Jan 2003
Date of revision:
Endogenous altruism; group formation; social contract;
Other versions of this item:
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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- Joan Esteban & Laurence Kranich, 2003.
"Redistributive Taxation with Endogenous Sentiments,"
Levine's Working Paper Archive
666156000000000007, David K. Levine.
- Joan M. Esteban & Laurence Kranich, 2002. "Redistributive Taxation with Endogenous Sentiments," UFAE and IAE Working Papers, Unitat de Fonaments de l'AnÃ lisi EconÃ²mica (UAB) and Institut d'AnÃ lisi EconÃ²mica (CSIC) 529.02, Unitat de Fonaments de l'AnÃ lisi EconÃ²mica (UAB) and Institut d'AnÃ lisi EconÃ²mica (CSIC).
- Joan Esteban & Laurence Kranich, . "Redistributive Taxation With Endogenous Sentiments," Working Papers 33-02 Classification-JEL , Instituto de Estudios Fiscales.
- Laurence Kranich & Joan Esteban, 2002. "Redistributive Taxation with Endogenous Sentiments," Discussion Papers 02-12, University at Albany, SUNY, Department of Economics.
- Rajiv Sethi & E. Somanathan, 1999.
"Preference Evolution and Reciprocity,"
Game Theory and Information, EconWPA
9903001, EconWPA, revised 12 Mar 1999.
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