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Rational Choice, Collective Decisions, and Social Welfare

By (author) Kotaro Suzumura

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normal price: R 1,993.95

Price: R 1,794.95

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| book description |

Left freely to themselves, a group of rational individuals often fail to cooperate even when the product of social cooperation is beneficial to all. Hence, the author argues, a rule of collective decision making is clearly needed that specifies how social cooperation should be organised among contributing individuals. Suzumura gives a systematic presentation of the Arrovian impossibility theorems of social choice theory, so as to describe and enumerate the various factors that are responsible for the stability of the voluntary association of free and rational individuals. Among other topics covered are an axiomatic characterisation of the concept of a rational choice, the simple majority decision rule and its extensions, the social choice implications of the concept of equity as nonenvy, the constrained majoritarian collective choice rules and the conflict between the Paretian ethics and the libertarian claims of individual rights.

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Normally shipped | This title will be printed on demand for your order. Delivery will be 6 weeks or less.
Publisher | Cambridge University Press
Published date | 5 Nov 2009
Language |
Format | Paperback / softback
Pages | 292
Dimensions | 229 x 152 x 17mm (L x W x H)
Weight | 430g
ISBN | 978-0-5211-2255-9
Readership Age |
BISAC | business & economics / economics / microeconomics

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Normally shipped | Available from overseas. Usually dispatched in 14 days
Readership Age |

Normal Price | R 2,212.95
Price | R 1,991.95 | on special |

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Survive the AI Apocalypse: A guide for solutionists

Bronwen Williams
Paperback / softback
232 pages
was: R 340.95
now: R 306.95
Forthcoming

Let's stare the future down and, instead of fearing AI, become solutionists.

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The Coming Wave: AI, Power and Our Future

Mustafa Suleyman
Paperback / softback
352 pages
was: R 295.95
now: R 265.95
Stock is usually dispatched in 6-12 days from date of order

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Living in a hut in 21st Century South Africa

Monde Ndandani
Paperback / softback
142 pages
was: R 220.95
now: R 198.95
Usually delivered in 6-12 days

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The Memory Collectors: A Novel

Dete Meserve
Paperback / softback
320 pages

Enquiries only

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