Revealed desirability: a novel instrument for social welfare
Guy Barokas ()
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Guy Barokas: Ruppin Academic Center
Theory and Decision, 2022, vol. 93, issue 4, No 3, 649-661
Abstract The note puts forward the idea of revealed desirability, a novel instrument, which like revealed preference is observable from choice and important for individual and social welfare. We provide the axiomatic underlying individual’s choice model, preliminary experimental results that support the idea, and an appealing allocation rule that uses the revealed desirability information along with the revealed-preference information.
Keywords: Revealed preference; Desirability; Nonforced choice; Allocation rules (search for similar items in EconPapers)
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