Information-based relative consumption effects

• 成果类型: Article
• 署名作者: Samuelson, L
• 署名单位: University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.1111/j.1468-0262.2004.00479.x
• 发表日期: 2004
• 页码: 93-118
• 关键词: behavior; models

摘要

Preferences exhibit relative consumption effects if a person's satisfaction with their own consumption appears to depend upon how much others are consuming. This paper examines a model of an evolutionary environment in which Nature optimally builds relative consumption effects into preferences in order to compensate for incomplete environmental information.