Strong assumptions are usually needed to guarantee the existence of a Condorcet winner in majority voting games. The theoretical literature has developed various solution concepts to accommodate the general absence of Condorcet winner, but very little is known on their economic implications. In...

Utilitarianism can be misplaced or ambiguous. As a prescription for individual behaviour, the injunction to seek the greatest good for the greatest number is misplaced because there remains a domain of life where, within the bounds of law and custom, one is free to act as selfishly or as...