Separable Utility and Taste-Independence: An Escape Route from the Opportunity Paradox

Jun Matsui
{"title":"Separable Utility and Taste-Independence: An Escape Route from the Opportunity Paradox","authors":"Jun Matsui","doi":"10.2139/ssrn.3734415","DOIUrl":null,"url":null,"abstract":"We provide an escape route from the opportunity paradox, which is described as a conflict between the ex ante and the ex post perspectives of compensation, by restricting the preference domain. Taste-independent utility is introduced as a property of preferences such that individuals' maximized utility levels are the same regardless of their tastes for work. Using the optimal income taxation model, we demonstrate that if parametric utility functions are separable in consumption and labor supply, then they are taste-independent. We obtain a compatibility theorem when utility functions are quasilinear in consumption.","PeriodicalId":129815,"journal":{"name":"Microeconomics: Welfare Economics & Collective Decision-Making eJournal","volume":"180 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2020-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Microeconomics: Welfare Economics & Collective Decision-Making eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.3734415","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

We provide an escape route from the opportunity paradox, which is described as a conflict between the ex ante and the ex post perspectives of compensation, by restricting the preference domain. Taste-independent utility is introduced as a property of preferences such that individuals' maximized utility levels are the same regardless of their tastes for work. Using the optimal income taxation model, we demonstrate that if parametric utility functions are separable in consumption and labor supply, then they are taste-independent. We obtain a compatibility theorem when utility functions are quasilinear in consumption.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
可分离效用与品味独立性:机会悖论的一条出路
通过限制偏好域,我们提供了一条逃避机会悖论的途径,机会悖论被描述为事前和事后补偿观点之间的冲突。口味无关效用作为一种偏好属性被引入,使得个人的最大效用水平是相同的,无论他们对工作的口味如何。利用最优所得税模型,我们证明了如果参数效用函数在消费和劳动供给中是可分离的,那么它们是品味无关的。当效用函数在消费上是拟线性时,我们得到了一个相容定理。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
Opportunity and Inequality Across Generations Auctioning Corporate Bonds: A Uniform-Price under Investment Mandates The Role of Effort Cost Perception in Outcome Bias (Mis-)Perception of Inequality: Measures, Determinants, and Consequences Dynamic Resource Allocation with Cost Externality
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1