An Introduction to Other‑Regarding Preferences with an Application to Contract Design
Economic models of individual behavior often make the assumption that in evaluating between competing alternatives agents are only concerned with how each alternative impacts their own payoffs. This simple, yet reasonable, assumption postulates that agents are self‑regarding, that is, agents are not...
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| Format: | Article |
| Language: | English |
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Coimbra University Press
2018-07-01
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| Series: | Notas Económicas |
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| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/5960 |