Towards a conceptual framework in unitary economics: An extension of a proposition after John O'Brien
Abstract
Purpose
The object of this paper is to demonstrate that the promotion of altruistic behavior can in fact be regarded as an instrument of public policy.
Design/methodology/approach
This objective is achieved by adapting the standard theory of consumer behavior in microeconomics to the context of an individual who is exposed to the pursuit of altruistic and self‐fulfilling egoistical goals.
Findings
The conceptualization permits the distinction between types of welfare benefits that emerge from the pursuit of these different goals and demonstrate the presence of a welfare benefit transformation frontier. The framework permits the evaluation of policy instruments such as tax incentives and legislations to promote altruistic behavior.
Originality/value
The paper combines concepts in behavioral economics with those in standard microeconomics to demonstrate policy measures that are usually not considered within policy circles.
Keywords
Citation
Thampapillai, D.J., Öhlmer, B. and Tiong Lim, B. (2005), "Towards a conceptual framework in unitary economics: An extension of a proposition after John O'Brien", International Journal of Social Economics, Vol. 32 No. 10, pp. 868-876. https://doi.org/10.1108/03068290510618506
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited