IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v71y2018i1p110-131.html
   My bibliography  Save this article

A Theory of Tasteful and Distasteful Transactions

Author

Listed:
  • Elias L. Khalil
  • Alain Marciano

Abstract

This paper develops a theory of tasteful and distasteful exchanges based on rational choice. By making reference to existing literature, we first differentiate repugnant from tasteful/distasteful transactions and bring up the additional consideration of the latter. There is a key difference between the two types of proscribed exchanges: repugnancy and distastefulness. The repugnancy of a transaction is determined by a single factor: tastes (preferences). The distastefulness of a transaction is determined by two factors: the true intention of the actor and the context of the transaction. We characterize tastefulness/distastefulness as a judgment: does the context of the transaction, which expresses “declared intention,†match the “true intention†of the actor? We identify four different kinds of intentions and their matching contexts of exchange. This allows us to classify four different kinds of tasteful transactions, i.e. when true intentions correspond to declared ones—i.e., to their context. It also allows us to classify twelve different kinds of distasteful transactions.

Suggested Citation

  • Elias L. Khalil & Alain Marciano, 2018. "A Theory of Tasteful and Distasteful Transactions," Kyklos, Wiley Blackwell, vol. 71(1), pages 110-131, February.
  • Handle: RePEc:bla:kyklos:v:71:y:2018:i:1:p:110-131
    DOI: 10.1111/kykl.12164
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/kykl.12164
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bayer, Ya'akov M. & Ruffle, Bradley J. & Shtudiner, Zeev & Zultan, Ro'i, 2018. "Costly superstitious beliefs: Experimental evidence," Journal of Economic Psychology, Elsevier, vol. 69(C), pages 30-43.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:71:y:2018:i:1:p:110-131. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley Content Delivery). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.