Concepts of extended preference

Harold M. Hochman, Shmuel Nitzan

Research output: Contribution to journalArticlepeer-review

7 Scopus citations

Abstract

This paper remedies ambiguity in the discussion of interdependent preferences by developing a consistent set of distinctions, which span the full range of sympathetic and antipathetic interaction, for the two-person case without reactive behavior. It defines concepts such as benevolence, generosity, altruism, destructiveness, and willingness to begrrudge transfers to others and indicates how their use can clarify the discussion of economic behavior. The definitions take account of preferences (indicated by rates of substitution) and prices (indicated by rates of exchange) at critical income allocations.

Original languageEnglish
Pages (from-to)161-176
Number of pages16
JournalJournal of Economic Behavior and Organization
Volume6
Issue number2
DOIs
StatePublished - Jun 1985

Bibliographical note

Funding Information:
*We thank the Lady Davis Fellowship Trust of the Hebrew University for financial support, the Maurice Falk Institute for Economic Research in Israel for hospitality, Ephraim Kleiman and Edward Saueracker for a number of insights, and Susanne Frennd for editorial assistance.

Funding

*We thank the Lady Davis Fellowship Trust of the Hebrew University for financial support, the Maurice Falk Institute for Economic Research in Israel for hospitality, Ephraim Kleiman and Edward Saueracker for a number of insights, and Susanne Frennd for editorial assistance.

FundersFunder number
Maurice Falk Institute for Economic Research in Israel
Lady Davis Fellowship Trust, Hebrew University of Jerusalem

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