Abstract
The authors propose a framework for the analysis of social choice and welfare which uses the informational basis of individual preference orderings over the pairs of conventionally defined social alternatives and social decision-making mechanisms. In particular, they consider the case where the decision-making mechanism is a rights-structure modeled as game forms. The authors use this framework to clarify the role for individual preferences in conferring rights, in the realization of the conferred rights, and in describing the formal contents of rights. They also explore its implications for the controversial issue of the consistency of social choice and A. K. Sen's paradox of Paretian libertarianism. Copyright 1996 by Royal Economic Society.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
