Temptation and self‐control for the impure benevolent planner: The case of heterogeneous discounting

Takashi Hayashi, Noriaki Kiguchi and Norio Takeoka

Journal of Public Economic Theory, 2024, vol. 26, issue 1

Abstract: This paper presents a “behavioral” model of a normative benevolent social planner, who faces a self‐control problem when he/she is in charge of aggregating diverse and conflicting preferences of individuals. The model is presented in the context of aggregating preferences over intertemporal streams of social outcomes, in which Zuber and Jackson and Yariv have shown the impossibility of a time‐consistent and Paretian social objective function. Unlike previous studies, our investigation focuses on the compatibility of the Pareto condition with the impure social planner who has a dynamically consistent self‐control utility function characterized by Gul and Pesendorfer. Assuming that the social planner is tempted to adopt the majority's opinion when there is a conflict of opinions among individuals, the paper characterizes an aggregation form in which the planner is allowed to depart from dictatorship in ex‐post choice under noncommitment.

Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/jpet.12674

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: https://EconPapers.repec.org/RePEc:bla:jpbect:v:26:y:2024:i:1:n:e12674

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1097-3923

Access Statistics for this article

Journal of Public Economic Theory is currently edited by Rabah Amir, Gareth Myles and Myrna Wooders

More articles in Journal of Public Economic Theory from Association for Public Economic Theory Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().