We model economic environments in which individual choice sets are fixed and the level of a specific parameter that systematically modifies the preferences of all agents is determined endogenously to achieve equilibrium. The equilibrium concept, Biased Preferences Equilibrium, is reminiscent of competitive equilibrium: agents’ choice sets and their preferences are independent of the behaviour of other agents, the combined choices must satisfy overall feasibility constraints and the endogenous adjustment of the equilibrating preference parameter is analogous to equilibrating price adjustment. The concept is applied in a number of economic examples.

中文翻译：

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偏向偏好均衡

我们对固定个体选择集的经济环境进行建模，并内生确定系统地修改所有主体偏好的特定参数的水平，以实现均衡。均衡概念偏向偏好均衡使人联想到竞争均衡：代理人的选择集及其偏好与其他代理人的行为无关，组合的选择必须满足总体可行性约束，并且均衡性偏好参数的内生调整类似于平衡价格调整。该概念已在许多经济示例中得到应用。