An Essay on the Competitive Formation of Preferences

Ignacio Palacios-Huerta () and J.J. Santos

Working Papers from Stanford - Hoover Institution

Abstract: The endogeneity of preferences implies that not only individual preferences -along with technologies, government policies, and the organization of society and markets- determine economic outcomes, but also that the economic, social, legal, and cultural structure of society affects preferences. This paper develops a rational choice general equilibrium model of incomplete markets in which preferences are endogenously determined.

Keywords: RISK; COMPETITION; MARKET STRUCTURE (search for similar items in EconPapers)
JEL-codes: D50 D52 D81 D19 (search for similar items in EconPapers)
Date: 1998

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fth:stanho:e-98-3

Access Statistics for this paper

More papers in Working Papers from Stanford - Hoover Institution
Address: STANFORD UNIVERSITY, HOOVER INSTITUTION, DOMESTIC STUDIES PROGRAM,DEPARTMENT OF ECONOMICS, STANFORD CALIFORNIA 94305 U.S.A.
Contact information at EDIRC.
Series data maintained by Thomas Krichel ().