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Author:Mandler, M.
Title:Status quo maintenance reconsidered: changing or incomplete preferences?
Journal:Economic Journal
2004 : NOV, VOL. 114:499, p. 518-535
Index terms:Consumer behaviour
Microeconomics
Preferences
Language:eng
Abstract:In this article, the author considers how to reconcile status quo maintenance (SQM) with traditional consumer theory. This article aims to avoid letting agentsÂ’ preferences change as a function of their endowments, treating the same person with different endowments as a set of distinct agents. This allows to better judge whether an agentÂ’s decisions make the agent better or worse off.
SCIMA record nr: 258923
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