Disutility and Self-Selection Problems

Jae-Cheol Kim
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Jae-Cheol Kim: Korea Advanced Institute of Science and Technology

Korean Economic Review, 1991, vol. 7, issue 1, 53-59

Abstract: Common practice adopted in these traditional models of self-selection is that consumers are characterized by a single parameter generally representing their utility they receive from a good. In this paper, we present a simple model where disutility a consumer necessarily receives when consuming a good is as important a factor as utility in characterizing consumer types. It is shown that some of widely known traditional results about welfare distortion have to be modified.

Date: 1991
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