Interdependent preferences: an econometric analysis
نویسندگان
چکیده
منابع مشابه
Negatively interdependent preferences
We develop a theory of representation of interdependent preferences that re ̄ect the widely acknowledged phenomenon of keeping up with the Joneses (i.e. of those preferences which maintain that well-being depend on ``relative standing'' in the society as well as on material consumption). The principal ingredient of our analysis is the assumption that individuals desire to occupy a (subjectively)...
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392 ∗ Sobel: University of California, San Diego. I presented a version of this paper at the First World Congress of the Game Theory Society and to my colleagues at the Center for Advanced Study in the Behavioral Sciences. I thank Eli Berman, Antonio Cabrales, Miguel CostaGomes, Vincent Crawford, David M. Kreps, Herbert Gintis, Mark Machina, Efe Ok, Luís Pinto, Matthew Rabin, Paul Romer, Klaus ...
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An individual's preference for an offering can be influenced by the preferences of others in many ways, ranging from the influence of social identification and inclusion, to the benefits of network externalities. In this paper, we introduce a Bayesian autoregressive discrete choice model to study the preference interdependence among individual consumers. The autoregressive specification can ref...
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We study agents whose expected utility preferences are interdependent for informational or psychological reasons. We characterize when two types can be “strategically distinguished” in the sense that they are guaranteed to behave differently in some finite mechanism. We show that two types are strategically distinguishable if and only if they have different hierarchies of interdependent prefere...
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This paper shows that models where preferences of individuals depend not only on their allocations, but also on the well being of other persons, can produce both large and testable effects. We study the allocation of workers with heterogeneous productivities to firms. We show that even small deviations from purely “selfish” preferences leads to widespread workplace skill segregation. That is, w...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 1997
ISSN: 0883-7252,1099-1255
DOI: 10.1002/(sici)1099-1255(199711/12)12:6<665::aid-jae437>3.0.co;2-u