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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有偏见的偏好均衡

我们对经济环境进行建模，其中个人选择集是固定的，系统地修改所有代理人的偏好的特定参数的水平是内生的，以实现均衡。均衡概念，有偏偏好均衡，让人想起竞争均衡：代理人的选择集和他们的偏好独立于其他代理人的行为，组合选择必须满足整体可行性约束，均衡偏好参数的内生调整类似于均衡价格调整。这个概念被应用在许多经济例子中。