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(Originally published in Public Choice (1994) 80: 23-34) - Efficiency and consistency in group decisions

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  • TAPAN BISWAS

    (Department of Economics, University of Hull)

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    Abstract

    The paper introduces a concept of "efficiency set" in the context of group decisions and analyses its properties. If the set contains a single element, then the Borda rule finds it. Otherwise, the group needs a value function to choose from the efficient alternatives. Two value functions, with considerations for the number of participants who are badly affected by the choice, have been discussed. It turns out that the consistency axiom of group choice imposes a constraint, on the form of the value function, with questionable normative significance.

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    Bibliographic Info

    Article provided by Rimini Centre for Economic Analysis in its journal Review of Economic Analysis.

    Volume (Year): 4 (2012)
    Issue (Month): 1 (June)
    Pages: 77-88

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    Handle: RePEc:ren:journl:v:4:y:2012:i:1:p:77-88

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