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Does market coordination lead to justice or to strict efficiency in Social Choice and Individual Values?

Berthonnet, Irène; Desreumaux, Vincent - In: Cahiers d’économie politique / Papers in Political … (2014) 66, pp. 95-126

The paper tries to clarify the status of the market in Social Choice and Individual Values. It shows how Arrow at first intended to propose a third theorem of welfare economics (Feldman [1991]), which would show that the market achieves not only Pareto-optimality, but also equitable social...

Persistent link: https://www.econbiz.de/10010787025

Lucas vs. Lucas; On Inequality and Growth

Cordoba, Juan Carlos; Verdier, Geneviève - International Monetary Fund (IMF) - 2007

Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current...

Persistent link: https://www.econbiz.de/10005599308

Modeling Politics with Economics tools; A Critical Survey of the Literature

Olters, Jan-Peter - International Monetary Fund (IMF) - 2001

behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that …

Persistent link: https://www.econbiz.de/10005605269

Introduction to social choice and welfare

Suzumura, Kotaro - Banca d'Italia - 2002

Social choice theory is concerned with the evaluation of alternative methods of collective decision-making, as well as … Suzumura, presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. This paper … volumes in better perspective, discussing the historical background of social choice theory, the vistas opened by Arrow …

Persistent link: https://www.econbiz.de/10005609392

Welfare economics

Baujard, Antoinette - HAL - 2013

the more recent domains of happiness economics, the comparative approach by Amartya Sen, and the theory of fair allocation …

Persistent link: https://www.econbiz.de/10010821112

Governing structural change and externalities in agriculture: toward a normative institutional economics of rural development

Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2004

The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

Persistent link: https://www.econbiz.de/10008526818

A unifying impossibility theorem

Man, Priscilla; Takayama, Shino - In: Economic Theory 54 (2013) 2, pp. 249-271

This paper identifies and illuminates a common impossibility principle underlying a number of impossibility theorems in social choice. We consider social choice correspondences assigning a choice set to each non-empty subset of social alternatives. Three simple axioms are imposed as follows:...

Persistent link: https://www.econbiz.de/10010993595

LOGICAL AND HISTORICAL DETERMINATION OF THE ARROW AND SEN IMPOSSIBILITY THEOREMS

Boričić, Branislav - In: Economic Annals 52 (2007) 172, pp. 7-20

conclusion that the corpus of impossibility theorems, which appears in the theory of social choice, could make a specific and …

Persistent link: https://www.econbiz.de/10010938619

Role of Government in an Era of Total Quality Management (TQM) and Globalization: Challenges and Opportunities

Farazmand, Ali - In: Public Organization Review 5 (2005) 3, pp. 201-217

This article addresses the changing role of government in the rapidly changing environment of globalization, a process through which worldwide integration is pursued by forces of global capitalism. Government is challenged by conflicting and contradictory forces of globalization of corporate...

Persistent link: https://www.econbiz.de/10005709581

A Graphical Analysis of Some Basic Results in Social Choice

Cantillon, Estelle; Rangel, Antonio - Cowles Foundation for Research in Economics, Yale University - 2000

We use a simple graphical approach to represent Social Welfare Functions that satisfy Independence of Irrelevant Alternatives and Anonymity. This approach allows us to provide simple and illustrative proofs of May's Theorem, of variants of classic impossibility results, and of a recent result on...

Persistent link: https://www.econbiz.de/10005762512

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