Consumption of Values

Authors are listed in random order. The authors thank Rossella Argenziano, Eric Danan, Roy Fabian, Marc Fleurbaey, Drew Fudenberg, Alma Gilboa-Schechtman, Ani Guerdjikova, Brian Hill, Edi Karni, Igor Kopylov, R. Vijay Krishna, Ariane Lambert-Mogiliansky, Eric Maskin, Elena del Mercato, Andrew Postlewaite, John Quah, Ariel Rubinstein, David Schmeidler, Ran Spiegler, and Tomasz Strzalecki as well as participants of seminars at Bar-Ilan University, Florida State University, Harvard—Massachusetts Institute of Technology, Johns Hopkins University, New York University, Penn, Paris School of Economics, the University of Grenoble, and the University of Pompeu Fabra for comments and references. The order of coauthors was randomly chosen.