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Welfare and the Act of Choosing

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NBER2024-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32200
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The standard revealed-preference approach to welfare economics encounters fundamental difficulties when the act of choosing directly affects welfare through emotions such as guilt, pride, and anxiety. We address this problem through an approach that redefines consumption bundles in terms of the
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2024-03-01
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