The Political Economy Of Collective Decision Making

Author : Norman Schofield
Publisher : Springer Science & Business Media
ISBN 13 : 9401587671
Total Pages : 430 pages
Book Rating : 4.79/5 ( download)

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Download or read book Collective Decision-Making: written by Norman Schofield and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro vide a common framework for analyzing the behavior of a developed political economy. Social choice theory itself grew out of the innovative attempts by Ken neth Arrow (1951) and Duncan Black (1948, 1958) to extend the range of economic theory in order to deal with collective decision-making over public goods. Later work, by William Baumol (1952), and James Buchanan and Gordon Tullock (1962), focussed on providing an "economic" interpretation of democratic institutions. In the same period Anthony Downs (1957) sought to model representative democracy and elections while William Riker (1962) made use of work in cooperative game theory (by John von Neumann and Oscar Morgenstern, 1944) to study coalition behavior. In my view, these "rational choice" analyses of collective decision-making have their antecedents in the arguments of Adam Smith (1759, 1776), James Madison (1787) and the Marquis de Condorcet (1785) about the "design" of political institutions. In the introductory chapter to this volume I briefly describe how some of the current normative and positive aspects of social choice date back to these earlier writers.

Author : Tim Veen
Publisher : Springer
ISBN 13 : 9783642201738
Total Pages : 199 pages
Book Rating : 4.33/5 ( download)

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Download or read book The Political Economy of Collective Decision-Making written by Tim Veen and published by Springer. This book was released on 2011-07-28 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Council of the European Union is the institutional heart of EU policy-making. But ‘who gets what, when and how’ in the Council? What are the dimensions of political conflict, and which countries form coalitions in the intense negotiations to achieve their desired policy outcomes? Focussing on collective decision-making in the Council between 1998 and 2007, this book provides a comprehensive account of these salient issues that lie at the heart of political accountability and legitimacy in the European Union. Based on a novel and unique dataset of estimates of government policy positions, salience and power in influencing deliberations, an explanatory model approximating the Nash-Bargaining solution is employed to predict the policy outcomes on ten policy domains of central importance to this institution. The book's analyses comprise investigations into the determinants of decision-making success, the architecture of the political space and the governments' coalition behavior.

Author : Shmuel Nitzan
Publisher : Cambridge University Press
ISBN 13 : 0521897254
Total Pages : 275 pages
Book Rating : 4.59/5 ( download)

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Download or read book Collective Preference and Choice written by Shmuel Nitzan and published by Cambridge University Press. This book was released on 2010 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of the classical aggregation problems that arise in social choice theory, voting theory, and group decision-making under uncertainty.

Author : Albert Breton
Publisher : Cambridge University Press
ISBN 13 : 9780521771337
Total Pages : 464 pages
Book Rating : 4.31/5 ( download)

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Download or read book Competition and Structure written by Albert Breton and published by Cambridge University Press. This book was released on 2000-06-05 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume, written by well-known economists and other social scientists from North America, Europe, and, in one case, Australia, share to an unusual degree a common concern with the competitive mechanisms that underlie collective decisions and with the way they are embedded in institutional settings. This gives the book a unitary inspiration whose value is clear from the new understanding and insights its chapters provide on important theoretical and practical issues such as the social dimension and impact of trust, the management of information in bureaucratic settings, the role of political parties in constitutional evolution, inter-level rivalry and reassignments of powers in federal and unitary systems of government, the impact of ethnicity and nationalism on federal institutions or arrangements, and the response of governments and overarching institutions of globalization

Author : A. Coram
Publisher : Springer
ISBN 13 : 1403900833
Total Pages : 176 pages
Book Rating : 4.38/5 ( download)

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Download or read book State, Anarchy, Collective Decisions written by A. Coram and published by Springer. This book was released on 2001-05-04 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: State, Anarchy and Collective Decisions provides an introduction to the applications of game theory to a series of questions that are fundamental in political economy. These questions include: Why do we need states? What might happen without protection for life and property? How might tribes or criminal gangs behave in struggles over material possessions? Would people tell the truth if asked what they wanted?

Author : Shmuel Nitzan
Publisher : CUP Archive
ISBN 13 : 9780521303262
Total Pages : 152 pages
Book Rating : 4.65/5 ( download)

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Download or read book Collective Decision Making written by Shmuel Nitzan and published by CUP Archive. This book was released on 1985-11-28 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an economic approach to the study of collective decision making. In Social Choice theory, the main problem of collective decision making is normally conceived of as one of aggregating diverse individual preferences. However, in practice, objectives are often common to the individuals - whether, for instance, in the firm, or where a medical diagnosis is required - but the information available to each individual, and their ability to utilise that information optimally, differ. The authors therefore deal with a different problem of decisional skills aggregation assuming homogeneous preferences but differing decisional skills, and develop a framework for the study of collective decision making. They examine the effect of the size of the decision making body; incomplete information on decisional skills; interdependence among decisions; shadow prices of decision rules; and of decision making costs and benefits on optimal group decision making. The model is then illustrated in a range of different fields, including industrial organisation, labour economics and in the design of consulting schemes, medical diagnostic systems, and corporate law.

Author : Charles Rowley
Publisher : Springer Science & Business Media
ISBN 13 : 0387758704
Total Pages : 617 pages
Book Rating : 4.01/5 ( download)

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Download or read book Readings in Public Choice and Constitutional Political Economy written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2008-08-09 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public choice is the study of behavior at the intersection of economics and political science. Since the pioneering work of Duncan Black in the 1940s, public choice has developed a rich literature, drawing from such related perspectives as history, philosophy, law, and sociology, to analyze political decision making (by citizen-voters, elected officials, bureaucratic administrators, lobbyists, and other "rational" actors) in social and economic context, with an emphasis on identifying differences between individual goals and collective outcomes. Constitutional political economy provides important insights into the relationship between effective constitutions and the behavior of ordinary political markets. In Readings in Public Choice and Constitutional Political Economy, Charles Rowley and Friedrich Schneider have assembled an international array of leading authors to present a comprehensive and accessible overview of the field and its applications. Covering a wide array of topics, including regulation and antitrust, taxation, trade liberalization, political corruption, interest group behavior, dictatorship, and environmental issues, and featuring biographies of the founding fathers of the field, this volume will be essential reading for scholars and students, policymakers, economists, sociologists, and non-specialist readers interested in the dynamics of political economy.

Author : Adam Przeworski
Publisher : Cambridge University Press
ISBN 13 : 9780521535243
Total Pages : 244 pages
Book Rating : 4.47/5 ( download)

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Download or read book States and Markets written by Adam Przeworski and published by Cambridge University Press. This book was released on 2003-08-25 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to introduce the reader to the concepts and tools for studying relations between states and markets. The focus is methodological. Both the economy and the state are analyzed as networks of relations between principals and agents, occupying particular places in the institutional structure.Having introduced the principal-agent framework, the book analyzes systematically the effect of the organization of the state on the functioning of the economy. The central question is under what conditions government will do what they should be doing and not do what they should not.

Author : Nicolaus Tideman
Publisher : Ashgate Publishing, Ltd.
ISBN 13 : 9780754647171
Total Pages : 358 pages
Book Rating : 4.7X/5 ( download)

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Download or read book Collective Decisions and Voting written by Nicolaus Tideman and published by Ashgate Publishing, Ltd.. This book was released on 2006 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Voting is often the most public and visible example of mass collective decision-making. But how do we define a collective decision? And how do we classify and evaluate the modes by which collective decisions are made? This book examines these crucial ques

Author : Kofi Kissi Dompere
Publisher : Springer Science & Business Media
ISBN 13 : 3319053299
Total Pages : 273 pages
Book Rating : 4.95/5 ( download)

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Download or read book Fuzziness, Democracy, Control and Collective Decision-choice System: A Theory on Political Economy of Rent-Seeking and Profit-Harvesting written by Kofi Kissi Dompere and published by Springer Science & Business Media. This book was released on 2014-03-15 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents an analysis of the problems and solutions of the market mockery of the democratic collective decision-choice system with imperfect information structure composed of defective and deceptive structures using methods of fuzzy rationality. The book is devoted to the political economy of rent-seeking, rent-protection and rent-harvesting to enhance profits under democratic collective decision-choice systems. The toolbox used in the monograph consists of methods of fuzzy decision, approximate reasoning, negotiation games and fuzzy mathematics. The monograph further discusses the rent-seeking phenomenon in the Schumpeterian and Marxian political economies where the rent-seeking activities transform the qualitative character of the general capitalism into oligarchic socialism and making the democratic collective decision-choice system as an ideology rather than social calculus for resolving conflicts in preferences in the collective decision-choice space without violence.