Consequences, Opportunities, and Procedures
AbstractThis 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.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a338.
Date of creation: Jul 1997
Date of revision:
Other versions of this item:
- 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; Fragmentation
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Martin Sandbu, 2008. "Axiomatic foundations for fairness-motivated preferences," Social Choice and Welfare, Springer, vol. 31(4), pages 589-619, December.
- Arlegi, R. & Dimitrov, D.A., 2004.
"On Procedural Freedom of Choice,"
2004-9, Tilburg University, Center for Economic Research.
- Ritxar Arlegi & Dinko Dimitrov, 2004. "On Procedural Freedom of Choice," Documentos de Trabajo - Lan Gaiak Departamento de EconomÃa - Universidad PÃºblica de Navarra 0401, Departamento de Economía - Universidad Pública de Navarra.
- repec:ebl:ecbull:v:30:y:2010:i:1:p:103-114 is not listed on IDEAS
- Nirvikar Singh, 2004. "The Impact of International Labor Standards: A Survey of Economic Theory," International Trade 0412007, EconWPA.
- 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hiromichi Miyake).
If references are entirely missing, you can add them using this form.