Is Altruism Feasible? Interdependent Preferences Provide the Answer
AbstractIs it possible to be altruistic in the face of altruism? With a naive definition of altruism, the answer is no. If an altruistic consumer is defined to be one whose preferences over allocations satisfy an appropriate interdependence condition, then the answer is yes. However, altruism in the face of malice is impossible. One of our findings is that if two consumers are mutually altruistic, exactly one of them should adopt selfish preferences over allocations.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2001-04.
Length: 18 pages
Date of creation: Nov 2001
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altruism; interdependent preferences;
Find related papers by JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
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