Characterizations of Consequentialism and Nonconsequentialism
AbstractBy allowing for the possibility that individuals recognize the intrinsic value of choice along with the instrumental value thereof, we suppose that individuals express extended preference orderings of the following type: Choosing an outcome x from an opportunity set A is better than choosing an outcome y from an opportunity set B. Within this framework, we identify a consequentialist and a non-consequentialist, who show contrasting attitudes toward outcomes vis-a-vis opportunities. The task of this paper is to characterize these attitudes in terms of some axioms. The companion paper explores the implications of these concepts in the context of social choice.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 101 (2001)
Issue (Month): 2 (December)
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Web page: http://www.elsevier.com/locate/inca/622869
Other versions of this item:
- Suzumura, Kotaro & Xu, Yongsheng, 2000. "Characterizations of Consequentialism and Non-consequentialism," Discussion Paper 3, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
- Kotaro Suzumura & Yongsheng Xu, 1999. "Characterizations of Consenquentialism and Non-consequentialism," Discussion Paper Series a365, Institute of Economic Research, Hitotsubashi University.
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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