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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52028

Frey, Bruno S; Benz, Matthias; Stutzer, Alois (2002). Introducing Procedural Utility: Not only What, but also How Matters. Working paper series / Institute for Empirical Research in Economics No. 129, University of Zurich.

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Abstract

People not only care about outcomes, they also value the procedures which lead to the outcomes. Procedural utility is a potentially important source of human well-being. This paper aims at introducing the concept of procedural utility into economics, and argues that it should be incorporated more widely into economic theory and empirical research. Three building blocks of a concept of procedural utility are outlined and it is suggested how procedural utility can be fruitfully integrated. Evidence from a broad range of social sciences is reviewed in order to show that procedural utility is a relevant concept for economics.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
DDC:330 Economics
Language:English
Date:October 2002
Deposited On:29 Nov 2011 22:26
Last Modified:09 Jul 2012 07:02
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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