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Individually Rational Collective Choice

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Author Info
Andrés Carvajal ()

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Abstract

There 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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File URL: http://hdl.handle.net/10.1007/s11238-007-9027-5
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Publisher Info
Article provided by Springer in its journal Theory and Decision.

Volume (Year): 62 (2007)
Issue (Month): 4 (May)
Pages: 355-374
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:theord:v:62:y:2007:i:4:p:355-374

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Web page: http://www.springerlink.com/link.asp?id=100341

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

Related research
Keywords: collective choice; consumer choice; individual rationality; random utility; revealed preference; D70; D74; D12;

References listed on IDEAS
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  1. Hildenbrand, Werner, 1971. "Random preferences and equilibrium analysis," Journal of Economic Theory, Elsevier, vol. 3(4), pages 414-429, December. [Downloadable!] (restricted)
  2. Daniel McFadden, 2005. "Revealed stochastic preference: a synthesis," Economic Theory, Springer, vol. 26(2), pages 245-264, 08. [Downloadable!] (restricted)
  3. Bandyopadhyay, Taradas & Dasgupta, Indraneel & Pattanaik, Prasanta K., 1999. "Stochastic Revealed Preference and the Theory of Demand," Journal of Economic Theory, Elsevier, vol. 84(1), pages 95-110, January. [Downloadable!] (restricted)
  4. Matzkin, Rosa L. & Richter, Marcel K., 1991. "Testing strictly concave rationality," Journal of Economic Theory, Elsevier, vol. 53(2), pages 287-303, April. [Downloadable!] (restricted)
  5. Clark, Stephen A, 1996. "The Random Utility Model with an Infinite Choice Space," Economic Theory, Springer, vol. 7(1), pages 179-89, January.
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This page was last updated on 2009-12-5.

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