University of Sussex
Browse

File(s) under permanent embargo

Welfare economics and bounded rationality: the case for model-based approaches

journal contribution
posted on 2023-06-09, 08:43 authored by Paola Manzini, Marco Mariotti
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.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Journal of Economic Methodology

ISSN

1350-178X

Publisher

Taylor & Francis

Issue

4

Volume

21

Page range

343-360

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2017-11-07

First Open Access (FOA) Date

2017-11-07

First Compliant Deposit (FCD) Date

2017-11-07

Usage metrics

    University of Sussex (Publications)

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC