【作者(必填)】
Emil P. Iantchev
【文题(必填)】
Hedonic Utility, Loss Aversion and Moral Hazard
【年份(必填)】
2010
【全文链接或数据库名称(选填)】

SUGGESTED CITATION:
            Emil P. Iantchev (2010)             "Hedonic Utility, Loss Aversion and Moral Hazard",            
Foundations and Trends® in Microeconomics: Vol. 5: No 7, pp 429-475.            
http://dx.doi.org/10.1561/0700000041

            

Abstract

      

This paper reviews recent advances in the modeling of hedonic utility and the measurement of its physiological correlates. The paper also argues that incorporating hedonic experiences can enrich economic models. An example of such an application—a principal-agent model with moral hazard—is presented and thoroughly analyzed. Its implications are then compared with the structure of incentive contracts observed in practice.            

先谢谢啦！鞠躬！