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Individual Rights and Social Evaluations: A Conceptual Framework

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  • Prasanta K. Pattanaik
  • Kotaro Suzumura

Abstract

The authors propose a framework for the analysis of social choice and welfare which uses the informational basis of individual preference orderings over the pairs of conventionally defined social alternatives and social decision-making mechanisms. In particular, they consider the case where the decision-making mechanism is a rights-structure modeled as game forms. The authors use this framework to clarify the role for individual preferences in conferring rights, in the realization of the conferred rights, and in describing the formal contents of rights. They also explore its implications for the controversial issue of the consistency of social choice and A. K. Sen's paradox of Paretian libertarianism. Copyright 1996 by Royal Economic Society.
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Suggested Citation

  • Prasanta K. Pattanaik & Kotaro Suzumura, 1992. "Individual Rights and Social Evaluations: A Conceptual Framework," Discussion Paper Series a250, Institute of Economic Research, Hitotsubashi University.
  • Handle: RePEc:hit:hituec:a250
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    6. Hayashi, Fumio & Ito, Takatoshi & Slemrod, Joel, 1988. "Housing finance imperfections, taxation, and private saving: A comparative simulation analysis of the United States and Japan," Journal of the Japanese and International Economies, Elsevier, vol. 2(3), pages 215-238, September.
    7. Menchik, Paul L & David, Martin, 1983. "Income Distribution, Lifetime Savings, and Bequests," American Economic Review, American Economic Association, vol. 73(4), pages 672-690, September.
    8. Alicia H. Munnell & C. Nicole Ernsberger, 1988. "Wealth transfer taxation: the relative role for estate and income taxes," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 3-28.
    9. Fumio Hayashi, 1986. "Why Is Japan's Saving Rate So Apparently High?," NBER Chapters,in: NBER Macroeconomics Annual 1986, Volume 1, pages 147-234 National Bureau of Economic Research, Inc.
    10. Kotlikoff, Laurence J & Summers, Lawrence H, 1981. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 706-732, August.
    11. Fumio Hayashi, 1989. "Is Japan's saving rate high?," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Spr, pages 3-9.
    12. Donald Cox, 1990. "Intergenerational Transfers and Liquidity Constraints," The Quarterly Journal of Economics, Oxford University Press, vol. 105(1), pages 187-217.
    13. Hurd, Michael D, 1987. "Savings of the Elderly and Desired Bequests," American Economic Review, American Economic Association, vol. 77(3), pages 298-312, June.
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    15. David, Martin & Menchik, Paul L, 1985. "The Effect of Social Security on Lifetime Wealth Accumulation and Bequests," Economica, London School of Economics and Political Science, vol. 52(208), pages 421-434, November.
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    Cited by:

    1. Enrico Guzzini, 2010. "Efficient Nash equilibria, individual rights and Pareto principle: an impossibility result," Economics Bulletin, AccessEcon, vol. 30(1), pages 103-114.
    2. Suzumura, Kotaro & Xu, Yongsheng, 2001. "Characterizations of Consequentialism and Nonconsequentialism," Journal of Economic Theory, Elsevier, pages 423-436.
    3. Suzumura, Kotaro & Xu, Yongsheng, 2003. "Consequences, opportunities, and generalized consequentialism and non-consequentialism," Journal of Economic Theory, Elsevier, pages 293-304.
    4. Polly Vizard, 2005. "The Contributions of Professor Amartya Sen in the Field of Human Rights," CASE Papers 091, Centre for Analysis of Social Exclusion, LSE.
    5. Yukinori Iwata, 2016. "The possibility of Arrovian social choice with the process of nomination," Theory and Decision, Springer, vol. 81(4), pages 535-552, November.
    6. Susumu Cato, 2014. "Common preference, non-consequential features, and collective decision making," Review of Economic Design, Springer;Society for Economic Design, vol. 18(4), pages 265-287, December.
    7. Vizard, Polly, 2005. "The contributions of Professor Amartya Sen in the field of human rights," LSE Research Online Documents on Economics 6273, London School of Economics and Political Science, LSE Library.
    8. Kotaro Suzumura, 2002. "Introduction to social choice and welfare," Temi di discussione (Economic working papers) 442, Bank of Italy, Economic Research and International Relations Area.
    9. Manimay Sengupta, 1996. "Informed Planner, Decentralized Decisions And Incentive Compatibility," Discussion Paper Series 12, School of Economics, Kwansei Gakuin University, revised Oct 1996.
    10. Sebastiano Bavetta & Marco Del Seta, 2001. "Constraints and the Measurement of Freedom of Choice," Theory and Decision, Springer, vol. 50(3), pages 213-238, May.
    11. repec:ebl:ecbull:v:30:y:2010:i:1:p:103-114 is not listed on IDEAS

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