Sgroi, D., Proto, E. , Oswald, A. J. and Dobson, A. (2016) Laboratory evidence for emotional externalities: an essay in honor of EJ Mishan. Singapore Economic Review, 61(3), 1640015. (doi: 10.1142/S0217590816400154)
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Abstract
Professor EJ Mishan was a world expert on the idea of externalities. In this paper, we provide evidence for the intuitive idea of “emotional externalities”. These might be viewed as psychological spillovers from the well-being of one person upon the well-being of another. A new form of laboratory experiment is implemented. “Happiness” answers are elicited in the first few seconds of the experiment. Tragic life events — like family illness and bereavement — are then studied. The paper documents evidence consistent with a powerful caring-about-others effect. The paper’s results also suggest an approximate equivalence between life-satisfaction data and happiness data.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Proto, Professor Eugenio |
Authors: | Sgroi, D., Proto, E., Oswald, A. J., and Dobson, A. |
College/School: | College of Social Sciences > Adam Smith Business School > Economics |
Journal Name: | Singapore Economic Review |
Publisher: | World Scientific Publishing |
ISSN: | 0217-5908 |
ISSN (Online): | 1793-6837 |
Published Online: | 19 May 2016 |
Copyright Holders: | Copyright © 2016 World Scientific Publishing Company |
First Published: | First published in Singapore Economic Review 61(3): 1640015 |
Publisher Policy: | Reproduced in accordance with the publisher copyright policy |
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