Choosing for others

Stéphan Marette (), Jayson Lusk and Bailey Norwood ()

Applied Economics, 2016, vol. 48, issue 22, 2093-2111

Abstract: Experiments conducted in the US and France were used to study how individuals make trade-offs between health and taste for themselves and others. When someone receives a choice made for them that differs from their preference, they experience a welfare loss; at least in the short-term. We measure the empirical magnitude of this loss, and suggest it play a role in assessing the desirability of paternalistic policies motivated by behavioural economics. We show that the welfare loss changes with the provision of new information and the impact of this information differs for the two countries.

Date: 2016
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DOI: 10.1080/00036846.2015.1114577

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