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Would The Right Social Preference Model Please Stand Up!

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  • Dinky Daruvala

Abstract

A number of competing social preference models have been developed inspired by the evidence from economic experiments. We test the relative performance of some of these models using an experimental design that is aimed at capturing pure distributional concerns in a multi-person setting. We find that the individuals in this study are heterogeneous, and that they do not follow any single notion of fairness or inequality aversion. In addition, the results suggest that efficiency concerns are not confined to students of economics, but are important to students of all disciplines.

Suggested Citation

  • Dinky Daruvala, 2009. "Would The Right Social Preference Model Please Stand Up!," Post-Print hal-00744366, HAL.
    • Handle: RePEc:hal:journl:hal-00744366
    DOI: 10.1016/j.jebo.2009.10.003
    Note: View the original document on HAL open archive server: https://hal.science/hal-00744366
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    References listed on IDEAS

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    More about this item

    Keywords

    A13; C91; D63.; Difference Aversion; Efficiency; Inequality Aversion; Maximin Criterion; Social Preferences; D63;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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