Abstract

http://ssrn.com/abstract=338568
 
 

References (96)



 
 

Citations (67)



 


 



Introducing Procedural Utility: Not Only What, But Also How Matters


Matthias Benz


University of Zurich - Department of Economics

Bruno S. Frey


CREMA; Zeppelin University

Alois Stutzer


University of Basel - Department of Business and Economics; Institute for the Study of Labor (IZA)

October 2, 2002

Zurich IEER Working Paper No. 129

Abstract:     
People not only care about outcomes, they also value the procedures which lead to the outcomes. Procedural utility is a potentially important source of human well-being. This paper aims at introducing the concept of procedural utility into economics, and argues that it should be incorporated more widely into economic theory and empirical research. Three building blocks of a concept of procedural utility are outlined and it is suggested how procedural utility can be fruitfully integrated. Evidence from a broad range of social sciences is reviewed in order to show that procedural utility is a relevant concept for economics.

Number of Pages in PDF File: 29

Keywords: Procedural utility, outcome utility, institutions

JEL Classification: A00, A12, D60, D70

working papers series





Download This Paper

Date posted: November 3, 2002  

Suggested Citation

Benz, Matthias and Frey, Bruno S. and Stutzer, Alois, Introducing Procedural Utility: Not Only What, But Also How Matters (October 2, 2002). Zurich IEER Working Paper No. 129. Available at SSRN: http://ssrn.com/abstract=338568 or http://dx.doi.org/10.2139/ssrn.338568

Contact Information

Matthias Benz
University of Zurich - Department of Economics ( email )
Zuerich, 8006
Switzerland
Bruno S. Frey
CREMA ( email )
Südstrasse 11
Zurich, CH 8008
Switzerland
Zeppelin University ( email )
Am Seemooser Horn 20
Friedrichshafen, Lake Constance 88045
Germany
Alois Stutzer (Contact Author)
University of Basel - Department of Business and Economics ( email )
Peter Merian-Weg 6
4002 Basel
Switzerland
0041 61 267 3361 (Phone)
0041 61 267 3340 (Fax)
HOME PAGE: http://www.wwz.unibas.ch/stutzer/
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Feedback to SSRN


Paper statistics
Abstract Views: 5,009
Downloads: 463
Download Rank: 34,991
References:  96
Citations:  67
People who downloaded this paper also downloaded:
1. Inter-Ethnic Marriage and Partner Satisfaction
By Mathias Sinning and Shane Worner

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo6 in 0.453 seconds