Arbeitspapier

Measurement of social preference from utility-based choice experiments

Ever since the classical works of Smith and Veblen, economists have recognized that individuals care about their relative positions and status in addition to their own consumption. This paper addresses a new framework of choice experiments in order to specify the shape of utility function with preference externalities. Theoretical studies on social preference, which are conducted without estimating or calibrating important parameters of social preference and put forward various propositions in accordance with the parameters assumed, can refer to the parameters estimated in this paper. Our findings complement those of happiness studies which support the view of social preference. We show that preference externality is, on average, characterized by jealousy among Japanese respondents, and also that heterogeneity in social preference parameters is driven by differences in income levels, age, and gender.

Sprache
Englisch

Erschienen in
Series: ISER Discussion Paper ; No. 759

Klassifikation
Wirtschaft
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Externalities
Thema
Social preference
Relative utility
Stated preferences
Choice experiment
Nutzenfunktion
Externer Effekt
Soziale Wohlfahrtsfunktion
Schätzung
Japan

Ereignis
Geistige Schöpfung
(wer)
Yamada, Katsunori
Sato, Masayuki
Nakamoto, Yasuhiro
Ereignis
Veröffentlichung
(wer)
Osaka University, Institute of Social and Economic Research (ISER)
(wo)
Osaka
(wann)
2009

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Yamada, Katsunori
  • Sato, Masayuki
  • Nakamoto, Yasuhiro
  • Osaka University, Institute of Social and Economic Research (ISER)

Entstanden

  • 2009

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