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Journal of Happiness Studies

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18.09.2019 | Research Paper

Non-monotonic Preferences, Market Structure, and Happiness

verfasst von: Gerasimos T. Soldatos

Erschienen in: Journal of Happiness Studies | Ausgabe 6/2020

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Abstract

Non-monotonic preferences reflect self-sufficiency seeking motivated inter alia by non-materialist concerns as part of the overall, materialist and non-materialist happiness, characterizing individuals. This article examines theoretically the consequences of these preferences for market structure and competition policy through a comparison with monotonic preferences, ceteris paribus. The overall conclusion is that market structure does respond to happiness seeking, making it “easier”, but industry becomes more concentrated and less sensitive to change. Moreover, prices are found to be lower under non-monotonic preferences.

Vorheriger Artikel A Note on Empirical Studies of Life-Satisfaction: Unhappy with Semiparametrics?

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Titel: Non-monotonic Preferences, Market Structure, and Happiness
verfasst von: Gerasimos T. Soldatos
Publikationsdatum: 18.09.2019
Verlag: Springer Netherlands
Erschienen in: Journal of Happiness Studies / Ausgabe 6/2020
Print ISSN: 1389-4978
Elektronische ISSN: 1573-7780
DOI: https://doi.org/10.1007/s10902-019-00180-0

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