On Kolm's Use of Epistemic Counterfactuals in Social Choice Theory
AbstractSerge Kolm's "epistemic counterfactual principle" says that a social choice only needs to be made from the actual feasible set of alternatives given the actual preference profile, but it must be justified by the choices that would have been made in appropriate counterfactual choice situations. Kolm's principle does not identify the relevant counterfactuals. In this article, it is argued that the appropriate counterfactuals to justify an impartial social choice are all of the choice situations that a moral agent behind a veil of ignorance might think is the actual choice situation outside the veil.
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Bibliographic InfoPaper provided by Vanderbilt University Department of Economics in its series Vanderbilt University Department of Economics Working Papers with number 0518.
Date of creation: Jun 2005
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Arrovian social choice; counterfactual choice; veil of ignorance; impartial observer; universal prescriptivism;
Find related papers by JEL classification:
- B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-04 (All new papers)
- NEP-DCM-2005-07-07 (Discrete Choice Models)
- NEP-HPE-2005-07-04 (History & Philosophy of Economics)
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