A Reformulation of Normative Economics for Models with Endogenous

External research report English OPEN
Bhatt, Vipul; Ogaki, Masao; Yaguchi, Yuichi;
  • Publisher: UTokyo Price Project
  • Journal: JSPS Grants-in-Aid for Scientific Research (S) Understanding Persistent Deflation in Japan Working Paper Series,volume 67

This paper proposes a framework to balance considerations of welfarism and virtue ethics in the normative analysis of economic models with endogenous preferences. We introduce the moral evaluation function (MEF), which ranks alternatives based purely on virtue ethics, a... View more
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