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Préferences psychologiques et nouvelle économie politique

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Author Info

  • Antoine Billot

    (UP9 - Université Paris 9, Dauphine - Université Paris IX - Paris Dauphine, PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - École des Hautes Études en Sciences Sociales (EHESS) - École des Ponts ParisTech (ENPC) - École normale supérieure [ENS] - Paris, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris)

  • Chantal Marlats

    (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris 1 - Panthéon-Sorbonne)

Abstract

First, we present what is called the Theory of Psychological Preferences (altruism, rational reciprocity...) through, on one side, the list of axioms proposed by Sandbu (2008) for pure individual decisions and, on the other side, that of Segal and Sobel (2007) for strategical ones. Second, we characterize the potential relevance of such a theory to define a new "politicial economy" approach and we search to define the precise scope of this field of investigation in combining the micro'demands of the psychological preference theory with the standard macro'ones. Finally, we show that polycentered models seem to be the only framework within which individual psychological preference is an appropriate tool to study the collective impact of altruism, social loyalty, intrinsic reciprocity and so forth .

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Bibliographic Info

Paper provided by HAL in its series PSE Working Papers with number halshs-00566146.

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Date of creation: Feb 2009
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Handle: RePEc:hal:psewpa:halshs-00566146

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Related research

Keywords: preference ; altruism ; behavior;

References

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  1. Ernst Fehr & Simon Gachter & Georg Kirchsteiger, 1997. "Reciprocity as a Contract Enforcement Device: Experimental Evidence," Econometrica, Econometric Society, vol. 65(4), pages 833-860, July.
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  28. Munro, Alistair & Sugden, Robert, 2003. "On the theory of reference-dependent preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 50(4), pages 407-428, April.
  29. Martin Sandbu, 2008. "Axiomatic foundations for fairness-motivated preferences," Social Choice and Welfare, Springer, vol. 31(4), pages 589-619, December.
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