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Can Marginal Rates of Substitution Be Inferred From Happiness Data? Evidence from Residency Choices

Daniel J Benjamin1, Ori Heffetz2, Miles S Kimball3

  • 1Department of Economics, Cornell University, 480 Uris Hall, Ithaca, NY 14853 and National Bureau of Economic Research.

The American Economic Review
|November 19, 2014
PubMed

Keywords:
choicehappinesslife satisfactionmarginal rate of substitutionpreferencerevealed preferencesubjective well-beingutility

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