Theoretical and Empirical Analyses on Social Preference

• Project/Area Number: 21830057
• Research Category: Grant-in-Aid for Research Activity Start-up
• Allocation Type: Single-year Grants
• Research Field: Applied economics
• Research Institution: Osaka University
• Principal Investigator: YAMADA Katsunori Osaka University, 社会経済研究所, 特任研究員 (80533603)
• Project Period (FY): 2009 – 2010
• Project Status: Completed (Fiscal Year 2010)
• Budget Amount: ¥2,054,000 (Direct Cost: ¥1,580,000、Indirect Cost: ¥474,000); Fiscal Year 2010: ¥663,000 (Direct Cost: ¥510,000、Indirect Cost: ¥153,000); Fiscal Year 2009: ¥1,391,000 (Direct Cost: ¥1,070,000、Indirect Cost: ¥321,000)
• Keywords: 社会的地位選好 / 社会的効用 / イースターリンの逆説 / 離散選択実験 / 相対効用仮説 / 幸福の経済学 / WEB調査 / 動学分析

Research Abstract

I conducted an internet-based large-scale survey of hypothetical choice experiment on the relative utility hypothesis which posits that human being make decisions taking into account not only their own conditions but also consequences of their behavior on social interactions. I showed that not only the intensity but also the distribution of relative utility are different across specific comparison benchmarks, and across types of reference groups people are facing in the experiments. The relative utility effect among Japanese respondents is found to be not as strong as can validate the Easterlin paradox.

Research Products

• [Journal Article] The Relative Utility Hypothesis With and Without Self-reported Reference Wages (2010)
  • Author(s): dela Garza, A., G.Mastrobuoni, A.Sannabe, K.Yamada
  • Journal Title: ISER Discussion Papers 798, Osaka University 798 Pages: 1-34
• [Journal Article] The Easterlin Paradox and Another Anatomy of Income Comparisons : Evidence from Hypothetical Choice Experiments (2010)
  • Author(s): Yamada, K., M.Sato
  • Journal Title: ISER Discussion Papers 795, Osaka University 795 Pages: 1-40
• [Journal Article] Valuing Japanese Corporations : A New Perspective on Japan's Stock Market "Bubble" of the 1980s (2010)
  • Author(s): Arato, H., K.Yamada
  • Journal Title: ISER Discussion Papers 772, Osaka University 772 Pages: 1-30
• [Journal Article] The Relative Utility Hypothesis With and Without Self-reported Reference Wages (2010)
  • Author(s): de la Garza, A., G.Mastrobuoni, A.Sannabe, K.Yamada
  • Journal Title: ISER Discussion Papers, Osaka University Volume: 798
• [Journal Article] The Easterlin Paradox and Another Anatomy of Income Comparisons : Evidence from Hypothetical Choice Experiments (2010)
  • Author(s): Yamada, K., M.Sato
  • Journal Title: ISER Discussion Papers, Osaka University Volume: 795
• [Journal Article] Valuing Japanese Corporations : A New Perspective on Japan's Stock Market "Bubble" of the 1980s (2010)
  • Author(s): Arato, H., K.Yamada
  • Journal Title: ISER Discussion Paper 772 Pages: 1-30
• [Journal Article] Measurement of Social Preference from Utility-Based Choice Experiments (2009)
  • Author(s): Yamada, K., M.Sato, Y.Nakamoto
  • Journal Title: ISER Discussion Papers 759, Osaka University 759 Pages: 1-45
• [Journal Article] Measurement of Social Preference from Utility-Based Choice Experiments (2009)
  • Author(s): Yamada, K., M.Sato, Y.Nakamoto
  • Journal Title: ISER Discussion Paper 759 Pages: 1-45
• [Presentation] The Easterlin Paradox and Another Anatomy of Income Comparisons : Evidence from Hypothet ical Choice Experiments (2010)
  • Author(s): Yamada, K., M.Sato
  • Organizer: The 2010 In ternational Symposium on Econometric Theory and Applications
  • Place of Presentation: Singapore Management University
  • Year and Date: 2010-05-01
• [Presentation] The Easterlin Paradox and Another Anatomy of Income Comparisons : Evidence from Hypothetical Choice Experiments (2010)
  • Author(s): 山田克宣
  • Organizer: The 2010 International Symposium on Econometric Theory and Applications
  • Place of Presentation: Singapore Management University(シンガポール)
  • Year and Date: 2010-05-01