Towards a conceptual framework in unitary economics: An extension of a proposition after John O'Brien

Dodo J. Thampapillai*, Bo Öhlmer, Boon Tiong Lim

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

Purpose - The object of this paper is to demonstrate that the promotion of altruistic behavior can in fact be regarded as an instrument of public policy. Design/methodology/approach - This objective is achieved by adapting the standard theory of consumer behavior in microeconomics to the context of an individual who is exposed to the pursuit of altruistic and self-fulfilling egoistical goals. Findings - The conceptualization permits the distinction between types of welfare benefits that emerge from the pursuit of these different goals and demonstrate the presence of a welfare benefit transformation frontier. The framework permits the evaluation of policy instruments such as tax incentives and legislations to promote altruistic behavior. Originality/value - The paper combines concepts in behavioral economics with those in standard microeconomics to demonstrate policy measures that are usually not considered within policy circles.

Original languageEnglish
Pages (from-to)868-876
Number of pages9
JournalInternational Journal of Social Economics
Volume32
Issue number10
DOIs
Publication statusPublished - 2005

Fingerprint Dive into the research topics of 'Towards a conceptual framework in unitary economics: An extension of a proposition after John O'Brien'. Together they form a unique fingerprint.

Cite this