Individually Rational Collective Choice
AbstractThere is a collection of exogenously given socially feasible sets, and, for each one of them, each individual in a group chooses from an individually feasible set. The fact that the product of the individually feasible sets is larger than the socially feasible set notwithstanding, there arises no conflict between individual choices. Assuming that individual preferences are random, I characterize rationalizable collective choices. Copyright Springer Science+Business Media, LLC 2007
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Bibliographic InfoArticle provided by Springer in its journal Theory and Decision.
Volume (Year): 62 (2007)
Issue (Month): 4 (May)
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Web page: http://www.springerlink.com/link.asp?id=100341
collective choice; consumer choice; individual rationality; random utility; revealed preference; D70; D74; D12;
Find related papers by JEL classification:
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
- D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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