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Consequences, Opportunities, and Procedures

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Author Info
Kotaro Suzumura

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Abstract

This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informatioanl basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of their consequences. Three examples--the problem of fair cake division, the role of competition in the promotion of economic welfare, and bilateral trade restrictions--are invoked to pinpoint the services rendered by procedural considerations in making social welfare judgements. The Pareto libertarian paradox is also re-examined within the extended framework incorporating procedural considerations along with consequential considerations.

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Publisher Info
Paper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a338.

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Date of creation: Jul 1997
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Handle: RePEc:hit:hituec:a338

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Find related papers by JEL classification:
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
F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets

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  1. Kotaro Suzumura & Naoki Yoshihara, 2006. "On Initial Conferment of Individual Rights," Discussion Paper Series a478, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  2. Kotaro Suzumura & Naoki Yoshihara, 2008. "On Initial Conferment of Individual Rights," Discussion Paper Series a502, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  3. Kaushik Basu & Patrick Nolen, 2006. "Vulnerability, Unemployment and Poverty: A Class of Distribution and Sensitive Measures, Its Axiomatic Properties and Applications," Economics Discussion Papers 623, University of Essex, Department of Economics. [Downloadable!]
  4. Dimitrov, D. & Arlegi, R., 2004. "On procedural freedom of choice," Discussion Paper 9, Tilburg University, Center for Economic Research. [Downloadable!]
    Other versions:
  5. Reiko Gotoh & Kotaro Suzumura, 2001. "Constitutional Democracy and Public Judgements," Discussion Paper Series a416, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  6. Juan Perote Peña, 2003. "Ethical Implementation and the Creation of Moral Values," Economic Working Papers at Centro de Estudios Andaluces E2003/25, Centro de Estudios Andaluces. [Downloadable!]
  7. Nirvikar Singh, 2004. "The Impact of International Labor Standards: A Survey of Economic Theory," International Trade 0412007, EconWPA. [Downloadable!]
  8. Reiko Gotoh & Kotaro Suzumura & Naoki Yoshihara, 2004. "Extended Social Ordering Functions for Rationalizing Fair Game Forms à la Rawls and Sen," Discussion Paper Series a455, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
  9. Martin Sandbu, 2008. "Axiomatic foundations for fairness-motivated preferences," Social Choice and Welfare, Springer, vol. 31(4), pages 589-619, December. [Downloadable!] (restricted)
  10. Kotaro Suzumura, 2001. "Introduction Hondbook of Social Choice and Welfare Edited by Kenneth Arrow, Amartya Sen and Kotaro Suzumura Amsterdam: Elsevier/North-Holland," Discussion Paper Series a417, Institute of Economic Research, Hitotsubashi University. [Downloadable!]
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