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Welfare economics and bounded rationality : The case for model-based approaches
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dc.contributor.author | Manzini, Paola | |
dc.contributor.author | Mariotti, Marco | |
dc.date.accessioned | 2016-04-07T23:02:01Z | |
dc.date.available | 2016-04-07T23:02:01Z | |
dc.date.issued | 2014-12 | |
dc.identifier | 148943056 | |
dc.identifier | 83b40b41-76e4-4cca-baaf-7aeb6258dbea | |
dc.identifier | 84919846745 | |
dc.identifier.citation | Manzini , P & Mariotti , M 2014 , ' Welfare economics and bounded rationality : The case for model-based approaches ' , Journal of Economic Methodology , vol. 21 , no. 4 , pp. 343-360 . https://doi.org/10.1080/1350178X.2014.965909 | en |
dc.identifier.issn | 1350-178X | |
dc.identifier.uri | https://hdl.handle.net/10023/8577 | |
dc.description | Mariotti gratefully acknowledges financial support through a Leverhulme Fellowship. Both authors acknowledge financial support from the ESRC through grant RES-000-22-3474. | en |
dc.description.abstract | In this paper we examine the problems facing a policy maker who observes inconsistent choices made by agents who are boundedly rational. We contrast a model-less and a model-based approach to welfare economics. We make the case for the model-based approach and examine its advantages as well as some problematic issues associated with it. | |
dc.format.extent | 174958 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of Economic Methodology | en |
dc.subject | Bounded rationality | en |
dc.subject | Welfare | en |
dc.subject | Choice theory | en |
dc.subject | HB Economic Theory | en |
dc.subject.lcc | HB | en |
dc.title | Welfare economics and bounded rationality : The case for model-based approaches | en |
dc.type | Journal article | en |
dc.contributor.sponsor | Economic & Social Research Council | en |
dc.contributor.institution | University of St Andrews. School of Economics and Finance | en |
dc.identifier.doi | https://doi.org/10.1080/1350178X.2014.965909 | |
dc.description.status | Peer reviewed | en |
dc.date.embargoedUntil | 2016-06-01 | |
dc.identifier.grantnumber | ES/J012513/1 | en |
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