Showing 1 - 10 of 6,211
In the very general setting of Armstrong (1980) for Arrow's Theorem, I show two results. First, in an infinite society, Anonymity is inconsistent with Unanimity and Independence if and only if a domain for social welfare functions satisfies a modest condition of richness. While Arrow's axioms...
Persistent link: https://www.econbiz.de/10014090226
This chapter discusses different types of domain restrictions. We begin by analyzing various qualitative conditions on preference profiles. Value-restricted preferences (with single-peaked preferences as one of its subcases), limited agreement as well as antagonistic and dichotomous preferences...
Persistent link: https://www.econbiz.de/10014023840
Though the social choice of social institutions or social results is impossible there is, strictly speaking, no social choice individual evaluations of social institutions or results trivially are possible. Such individual evaluations can be deemed liberal either because they emphasize political...
Persistent link: https://www.econbiz.de/10010267062
How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science - population and variable. Starting with the simplest case...
Persistent link: https://www.econbiz.de/10010269509
This paper explores one option for the development of a theoretical approach to economic decision-making that goes beyond the mechanical-mathematical models based on the assumptions of rational self-interest and utility maximization. The proposed model incorporates facts, values, relationships,...
Persistent link: https://www.econbiz.de/10013074494
This paper examines public valuations of mortality risk reductions. We set up a theoretical framework that allows for altruistic preferences, and subsequently test theoretical predictions through the design of a discrete choice experiment. By varying the tax scenario (uniform versus individual...
Persistent link: https://www.econbiz.de/10012963533
Persistent link: https://www.econbiz.de/10012986886
I build a model to make a key point that social welfare functions that only rely on individual utility (or individual preference orderings) still may reflect what people typically think of as a non-welfarist approach, further suggesting that non-welfarist methods (e.g., paternalistic methods)...
Persistent link: https://www.econbiz.de/10013213991
This paper argues that the Kyoto Protocol to the 1992 Framework Convention on Climate Change was doomed to face difficulties ab initio. It explains why this is the case by analyzing the Kyoto Protocol’s shortcomings and deficiencies. Moving the climate change agenda forward multilaterally...
Persistent link: https://www.econbiz.de/10014176156
We propose a new approach to the normative analysis of public-good provision in a large economy. Our analysis is based on a mechanism design approach that involves a requirement of coalition-proofness, as well as a requirement of robustness, so that the mechanism must not depend on specific...
Persistent link: https://www.econbiz.de/10014199334