Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker’s normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators’...

We consider the problem of allocating a social endowment of private goods among a group of n agents with linear preferences. We search for rules that satisfy three standard requirements. First is (Pareto-)efficiency. Second is the fairness requirement of “equal treatment of equals” (in...

Chapter 1: Introduction: The Social and Behavioural Turn in Macroeconomics -- Chapter 2: Behavioural Economics: A Review -- Chapter 3: Sociality and behavioural traits in Macroeconomics -- Chapter 4: Socio-behavioural traits and long-run growth -- Chapter 5: Hyperbolic discounting, labour supply...