Silva-Leander, S and Seth, S orcid.org/0000-0002-2591-6977 (2017) Revealed Preferences with Plural Motives: Axiomatic Foundations of Normative Assessments in Non-Utilitarian Welfare Economics. Social Choice and Welfare, 48 (3). pp. 505-517. ISSN 0176-1714
Abstract
This paper explores the possibility of defining a non-utilitarian normative standard for assessments of welfare and deprivation. The paper formalises a key aspect of Amartya Sen’s critique of the assumption of consistent utility-maximisation in the revealed preference theory and proposes a generalisation of the standard Samuelsonian choice model for the case in which choices are based on plural motives (here, self-interested and moral motives). Based on a set of intuitive assumptions about the way in which unobservable motives are linked to observable choices, we then construct an alternative normative ranking rule that can be used in non-utilitarian welfare economics to rank social outcomes or provide a normative basis for the construction of composite indices, for instance.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © The Author(s) 2017. This article is published with open access at Springerlink.com. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. |
Keywords: | Revealed Preferences; Rational Choice; Capability Approach |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 25 Jan 2017 11:19 |
Last Modified: | 23 Jun 2023 22:21 |
Published Version: | https://doi.org/10.1007/s00355-016-1020-x |
Status: | Published |
Publisher: | Springer Verlag |
Identification Number: | 10.1007/s00355-016-1020-x |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:111143 |