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The Relevance of Procedural Utility for Economics

Author

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  • Matthias Benz

Abstract

This paper aims at showing the relevance of procedural utility for economics: people do not only care about outcomes, as usually assumed in economics, they also value the processes and conditions leading to outcomes. The psychological foundations of procedural utility are outlined and it is discussed how the concept differs from other related approaches in economics, like outcome utility, outcome fairness or intentions. Institutions at the level of society and fair procedures are shown to be sources of procedural utility, and novel empirical evidence on the role of procedural utility in important areas of the economy, polity and society is presented.

Suggested Citation

  • Matthias Benz, 2005. "The Relevance of Procedural Utility for Economics," IEW - Working Papers 256, Institute for Empirical Research in Economics - University of Zurich.
    • Handle: RePEc:zur:iewwpx:256
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    File URL: https://www.econ.uzh.ch/apps/workingpapers/wp/iewwp256.pdf
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    Cited by:

    1. Jolanda Hessels & José María Millán & Concepción Román, 2015. "The Importance of Being in Control of Business: Work Satisfaction of Employers, Own-account Workers and Employees," Tinbergen Institute Discussion Papers 15-047/VII, Tinbergen Institute.
    2. Livani, Talajeh & Graham, Carol, 2019. "Do social protection programs improve life satisfaction? Evidence from Iraq," World Development Perspectives, Elsevier, vol. 16(C).
    3. Senderski, Marcin, 2014. "Ecumenical foundations? On the coexistence of Austrian and neoclassical views on utility," MPRA Paper 67024, University Library of Munich, Germany.
    4. Prada-Medina, Laura & Mantilla, Cesar & Cortes, Darwin, 2022. "Procedural preferences for autonomy: an experimental study with Colombian workers," OSF Preprints s7tcb, Center for Open Science.
    5. Benno Torgler & Christoph A. Schaltegger, 2005. "Tax Morale and Fiscal Policy," CREMA Working Paper Series 2005-30, Center for Research in Economics, Management and the Arts (CREMA).
    6. Martijn J. Burger & Martijn Hendriks & Emma Pleeging & Jan C. Ours, 2020. "The joy of lottery play: evidence from a field experiment," Experimental Economics, Springer;Economic Science Association, vol. 23(4), pages 1235-1256, December.
    7. Simon Gaechter, 2006. "Conditional cooperation: Behavioral regularities from the lab and the field and their policy implications," Discussion Papers 2006-03, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    8. Maria Salinas-Jiménez & Joaquín Artés & Javier Salinas-Jiménez, 2010. "Income, Motivation, and Satisfaction with Life: An Empirical Analysis," Journal of Happiness Studies, Springer, vol. 11(6), pages 779-793, December.
    9. David McClough & Mary Ellen Benedict, 2017. "Not All Education Is Created Equal: How Choice of Academic Major Affects the Racial Salary Gap," The American Economist, Sage Publications, vol. 62(2), pages 184-205, October.
    10. Maria BOBROVA & Arndt KÃœMPEL, 2010. "Reasoning On Evolution Of Culture And Structure," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 5(2(12)/Sum), pages 21-33.
    11. Valentina Zigante, 2011. "Assessing Welfare Effects of the European Choice Agenda: The case of health care in the United Kingdom," LEQS – LSE 'Europe in Question' Discussion Paper Series 35, European Institute, LSE.
    12. Benno Torgler & Christoph A. Schaltegger, 2006. "Tax Morale: A Survey with a Special Focus on Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 142(III), pages 395-425, September.
    13. Simon Gaechter, 2006. "Conditional cooperation: Behavioral regularities from the lab and the field and their policy implications," Discussion Papers 2006-03, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    14. Zak, Paul J., 2011. "Moral markets," Journal of Economic Behavior & Organization, Elsevier, vol. 77(2), pages 212-233, February.

    More about this item

    Keywords

    procedural utility; outcome utility; institutions; procedural fairness; outcome fairness; intentions;
    All these keywords.

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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