Co-monotonicity: Toward a utility function capturing envy

Moshe Levy

doi:10.1016/j.econlet.2011.09.002

Co-monotonicity: Toward a utility function capturing envy

Moshe Levy^*

^*Corresponding author for this work

Business Administration

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

Envy affects economic decisions, and can lead to monotonicity violation. We introduce co-monotonicity-a generalization of monotonicity, expected to hold even in the presence of envy. Experimental results and implications for the form of possible utility functions are discussed.

Original language	English
Pages (from-to)	16-19
Number of pages	4
Journal	Economics Letters
Volume	114
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2011.09.002
State	Published - Jan 2012

Bibliographical note

Funding Information:
I am grateful to the anonymous referee for very helpful comments and suggestions. Financial support from the Zagagi Fund is gratefully acknowledged. I thank Poly Beker for excellent research assistance.

Keywords

Competitive preferences
Envy
First order Stochastic Dominance
Keeping up with the Joneses
Monotonicity

Access to Document

10.1016/j.econlet.2011.09.002

Cite this

@article{2916bb9c684345f88d52d436e0809655,

title = "Co-monotonicity: Toward a utility function capturing envy",

abstract = "Envy affects economic decisions, and can lead to monotonicity violation. We introduce co-monotonicity-a generalization of monotonicity, expected to hold even in the presence of envy. Experimental results and implications for the form of possible utility functions are discussed.",

keywords = "Competitive preferences, Envy, First order Stochastic Dominance, Keeping up with the Joneses, Monotonicity",

author = "Moshe Levy",

note = "Funding Information: I am grateful to the anonymous referee for very helpful comments and suggestions. Financial support from the Zagagi Fund is gratefully acknowledged. I thank Poly Beker for excellent research assistance. ",

year = "2012",

month = jan,

doi = "10.1016/j.econlet.2011.09.002",

language = "אנגלית",

volume = "114",

pages = "16--19",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier",

number = "1",

}

TY - JOUR

T1 - Co-monotonicity

T2 - Toward a utility function capturing envy

AU - Levy, Moshe

N1 - Funding Information: I am grateful to the anonymous referee for very helpful comments and suggestions. Financial support from the Zagagi Fund is gratefully acknowledged. I thank Poly Beker for excellent research assistance.

PY - 2012/1

Y1 - 2012/1

N2 - Envy affects economic decisions, and can lead to monotonicity violation. We introduce co-monotonicity-a generalization of monotonicity, expected to hold even in the presence of envy. Experimental results and implications for the form of possible utility functions are discussed.

AB - Envy affects economic decisions, and can lead to monotonicity violation. We introduce co-monotonicity-a generalization of monotonicity, expected to hold even in the presence of envy. Experimental results and implications for the form of possible utility functions are discussed.

KW - Competitive preferences

KW - Envy

KW - First order Stochastic Dominance

KW - Keeping up with the Joneses

KW - Monotonicity

UR - http://www.scopus.com/inward/record.url?scp=80053634460&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2011.09.002

DO - 10.1016/j.econlet.2011.09.002

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:80053634460

SN - 0165-1765

VL - 114

SP - 16

EP - 19

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Co-monotonicity: Toward a utility function capturing envy

Abstract

Bibliographical note

Keywords

Access to Document

Other files and links

Fingerprint

Cite this