Politicians' social welfare criteria: An experiment with German legislators

Arbeitspapier

Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social welfare criteria unconfounded by political economy constraints. When resolving preference conflicts across individuals, politicians place substantially more importance on least-favored than on most-favored alternatives, contrasting with both common aggregation mechanisms and the equal weighting inherent in utilitarianism and the Kaldor-Hicks criterion. When resolving preference conflicts within individuals, we find no support for the commonly used "long-run criterion" which insists that choices merit intervention only if the lure of immediacy may bias intertemporal choice. Politicians' and the public's social welfare criteria largely coincide.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ifo Working Paper ; No. 391

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Positive welfare economics ; politicians ; preference aggregation ; paternalism

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Ambuehl, Sandro ; Blesse, Sebastian ; Doerrenberg, Philipp ; Feldhaus, Christoph ; Ockenfels, Axel
• Ereignis: Veröffentlichung
• (wer): ifo Institute - Leibniz Institute for Economic Research at the University of Munich
• (wo): Munich
• (wann): 2023

Weitere Informationen

• Handle: http://hdl.handle.net/10419/272298
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ