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Revisiting CES Utility Functions for Distributional Preferences: Do People Face the Equality–efficiency Trade-off?

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  • Keigo Inukai
  • Yuta Shimodaira
  • Kohei Shiozawa

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  • Keigo Inukai & Yuta Shimodaira & Kohei Shiozawa, 2022. "Revisiting CES Utility Functions for Distributional Preferences: Do People Face the Equality–efficiency Trade-off?," ISER Discussion Paper 1195, Institute of Social and Economic Research, The University of Osaka.
    • Handle: RePEc:dpr:wpaper:1195
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    File URL: https://www.iser.osaka-u.ac.jp/static/resources/docs/dp/2022/DP1195.pdf
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    References listed on IDEAS

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    1. Maria Porter & Abi Adams, 2016. "For Love or Reward? Characterising Preferences for Giving to Parents in an Experimental Setting," Economic Journal, Royal Economic Society, vol. 126(598), pages 2424-2445.
    2. Ernst Fehr & Michael Naef & Klaus M. Schmidt, 2006. "Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment," American Economic Review, American Economic Association, vol. 96(5), pages 1912-1917, December.
    3. John H. Kagel & Alvin E. Roth, 2016. "The Handbook of Experimental Economics, Volume 2," Economics Books, Princeton University Press, edition 1, volume 2, number 10874.
    4. Chambers,Christopher P. & Echenique,Federico, 2016. "Revealed Preference Theory," Cambridge Books, Cambridge University Press, number 9781107087804, January.
    5. Maria Porter & Abi Adams, 2016. "For Love or Reward? Characterising Preferences for Giving to Parents in an Experimental Setting," Economic Journal, Royal Economic Society, vol. 126(598), pages 2424-2445, December.
    6. Andreoni, James, 2007. "Giving gifts to groups: How altruism depends on the number of recipients," Journal of Public Economics, Elsevier, vol. 91(9), pages 1731-1749, September.
    7. Gauriot, Romain & Heger, Stephanie A. & Slonim, Robert, 2020. "Altruism or diminishing marginal utility?," Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 24-48.
    8. Dirk Engelmann & Martin Strobel, 2006. "Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Reply," American Economic Review, American Economic Association, vol. 96(5), pages 1918-1923, December.
    9. Cox, James C. & Friedman, Daniel & Gjerstad, Steven, 2007. "A tractable model of reciprocity and fairness," Games and Economic Behavior, Elsevier, vol. 59(1), pages 17-45, April.
    10. Fisman, Raymond & Jakiela, Pamela & Kariv, Shachar, 2015. "How did distributional preferences change during the Great Recession?," Journal of Public Economics, Elsevier, vol. 128(C), pages 84-95.
    11. Fehr, Ernst & Schmidt, Klaus M., 2006. "The Economics of Fairness, Reciprocity and Altruism - Experimental Evidence and New Theories," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 8, pages 615-691, Elsevier.
    12. Abdelhak Senhadji, 1997. "Two common problems related to the use of the Armington aggregator in computable general equilibrium models," Applied Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 23-25.
    13. Federico Echenique & Taisuke Imai & Kota Saito, 2020. "Testable Implications of Models of Intertemporal Choice: Exponential Discounting and Its Generalizations," American Economic Journal: Microeconomics, American Economic Association, vol. 12(4), pages 114-143, November.
    14. James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
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    Cited by:

    1. Keigo Inukai & Yuta Shimodaira & Kohei Shiozawa, 2022. "Investigation of the Convex Time Budget Experiment by Parameter Recovery Simulation," ISER Discussion Paper 1185r, Institute of Social and Economic Research, The University of Osaka, revised Mar 2023.
    2. Inukai, Keigo & Shimodaira, Yuta & Shiozawa, Kohei, 2024. "Investigation of the convex time budget experiment by parameter recovery simulation," Journal of Behavioral and Experimental Finance, Elsevier, vol. 43(C).

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