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Economic evaluation has an important role in helping to make decisionsabout the use of scarce resources in an explicit and rational manner, yeteconomic evaluation is not well-developed in many areas of socialwelfare. This paper looks at the reasons for this, focusing on whateconomists could do...
Persistent link: https://www.econbiz.de/10008695297
There are N citizens who have to make a social decision about a set policies denotedby x ∈ A, where A denotes the set of feasible policies. Citizen’s preferencesover policy are denoted V i (x, j) ( where i = 1, ...,N) ,and j denotes the identityof the policy maker. This specification allows...
Persistent link: https://www.econbiz.de/10009248811