Welfare economics

Eliciting Choice Correspondences - A General Methodology and an Experimental Implementation

Most experiments force the choice of a single alternative in each choice set, whereas the theory of choices deals with _choice correspondence_, i.e., assumes that decision makers can choose _sets_ of alternatives. In this paper, I introduce a general …

Predictive Power in Behavioral Welfare Economics

When choices appear inconsistent due to behavioral biases, there is a theoretical debate about whether or not it is necessary to impose the structure of a model in order to provide meaningful welfare guidance based on such choices. To address this …