Nebiyou Tilahun David Levinson () (Nexus (Networks, Economics, and Urban Systems) Research Group, Department of Civil Engineering, University of Minnesota)
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Most economic models assume that individuals act out their preferences based on their own self interest. However there have also been other paradigms in the economics literature that have tried to capture alternative manifestations of human behavior that include fairness. This study examines people's preferences when it comes to their travel time and their income and what type of trade offs they are willing to make to live in a society where the distributions of travel time and income are fairer. Using a stated preference experiment we find that when it comes to travel time, individuals are more concerned with societal average travel time, followed by their own travel time and finally by large inequalities in the society, while in the case of income they are more concerned with their own income, followed by societal average and finally by inequality.
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Paper provided by University of Minnesota: Nexus Research Group in its series Working Papers with number
000023.
Length: Date of creation: 2006 Date of revision: Handle: RePEc:nex:wpaper:selfishness
Contact details of provider: Postal: Dept. of Civil Engineering, 500 Pillsbury Drive SE, Minneapolis, MN 55455 Phone: +01 (612) 625-6354 Fax: +01 (612) 626-7750 Web page: http://nexus.umn.edu More information through EDIRC
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Find related papers by JEL classification: R41 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion R42 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government and Private Investment Analysis R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution D10 - Microeconomics - - Household Behavior - - - General D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Fredrik Carlsson & Dinky Daruvala & Olof Johansson-Stenman, 2005.
"Are People Inequality-Averse, or Just Risk-Averse?,"
Economica,
London School of Economics and Political Science, vol. 72(3), pages 375-396, 08.
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