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Heifetz, Aviad, Minelli, Enrico and Polemarchakis, H. M. (2021) Liberal parentalism. Journal of Public Economic Theory, 23 (6). pp. 1107-1129. doi:10.1111/jpet.12517 ISSN 1097-3923.
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Official URL: http://dx.doi.org/10.1111/jpet.12517
Abstract
What normative constraints should bind parents (or policy makers) if they intervene in the choices of children (or constituencies) whose preferences evolve over time? For a sophisticated child who anticipates correctly his preference change, we prove that generically there exist parental interventions that are Pareto improving over the backward induction path that the child will follow on his own. If, in contrast, the child misperceives his future preferences, Pareto improving interventions might not exist, and even nudges might be painfully sobering. The parent may then choose to minimize the maximal disappointment along time that her benevolent intervention would cause.
Item Type: | Journal Article | ||||||||
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Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HB Economic Theory |
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Economics, Mathematical, Equilibrium (Economics), Choice (Psychology) in children , Consumption (Economics) | ||||||||
Journal or Publication Title: | Journal of Public Economic Theory | ||||||||
Publisher: | Wiley | ||||||||
ISSN: | 1097-3923 | ||||||||
Official Date: | December 2021 | ||||||||
Dates: |
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Volume: | 23 | ||||||||
Number: | 6 | ||||||||
Page Range: | pp. 1107-1129 | ||||||||
DOI: | 10.1111/jpet.12517 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is the peer reviewed version of the following article: Heifetz, A., Minelli, E., & Polemarchakis, H. (2021). Liberal parentalism. J Public Econ Theory. 23, 1107– 1129., which has been published in final form at: https://doi.org/10.1111/jpet.12517. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 29 June 2021 | ||||||||
Date of first compliant Open Access: | 24 June 2023 |
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