social choice and market mechanism: some properties of the model of perfect competition

Orosel, Gerhard (June 1971) social choice and market mechanism: some properties of the model of perfect competition. Forschungsberichte / Research Memoranda 55

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abstract (introduction): in every society, no matter if it is a married couple, a country, or an international association, there are decisons to be made, decisions which will affect more than one member of the society, perhaps all of it. everyone has to do with such decisions, active or passive, and it seems to be worthwhile to specify what conditions one wants to impose on social decisions. if one agrees that social decisions should somehow reflect individual values, the problem of a rule forsocial decisions becomes one of aggregating individual preference profiles. in order to show that social decision making is not at all a simple problem of just finding majorities two examples are given. (...);

Item Type: IHS Series
Status: Published
Date Deposited: 26 Sep 2014 10:34
Last Modified: 01 Apr 2016 14:07
URI: http://irihs.ihs.ac.at/id/eprint/55

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