Biased preferences equilibrium. (24th March 2022)
- Record Type:
- Journal Article
- Title:
- Biased preferences equilibrium. (24th March 2022)
- Main Title:
- Biased preferences equilibrium
- Authors:
- Rubinstein, Ariel
Wolinksy, Asher - Abstract:
- Abstract: We model economic environments in which individual choice sets are fixed and the level of a specific parameter that systematically modifies the preferences of all agents is determined endogenously to achieve equilibrium. The equilibrium concept, Biased Preferences Equilibrium, is reminiscent of competitive equilibrium: agents' choice sets and their preferences are independent of the behaviour of other agents, the combined choices must satisfy overall feasibility constraints and the endogenous adjustment of the equilibrating preference parameter is analogous to equilibrating price adjustment. The concept is applied in a number of economic examples.
- Is Part Of:
- Economics and philosophy. Volume 38:Number 1(2022)
- Journal:
- Economics and philosophy
- Issue:
- Volume 38:Number 1(2022)
- Issue Display:
- Volume 38, Issue 1 (2022)
- Year:
- 2022
- Volume:
- 38
- Issue:
- 1
- Issue Sort Value:
- 2022-0038-0001-0000
- Page Start:
- 24
- Page End:
- 33
- Publication Date:
- 2022-03-24
- Subjects:
- Biased preferences -- equilibrium -- economic environment
Economics -- Philosophy -- Periodicals
330.01 - Journal URLs:
- http://journals.cambridge.org/action/displayJournal?jid=EAP ↗
- DOI:
- 10.1017/S0266267120000462 ↗
- Languages:
- English
- ISSNs:
- 0266-2671
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital Store
- Ingest File:
- 20657.xml