EFFICIENCY AND CONSISTENCY IN GROUP DECISIONS

Authors
Citation
T. Biswas, EFFICIENCY AND CONSISTENCY IN GROUP DECISIONS, Public choice, 80(1-2), 1994, pp. 23-34
Citations number
10
Categorie Soggetti
Economics,"Political Science
Journal title
ISSN journal
00485829
Volume
80
Issue
1-2
Year of publication
1994
Pages
23 - 34
Database
ISI
SICI code
0048-5829(1994)80:1-2<23:EACIGD>2.0.ZU;2-B
Abstract
The paper introduces a concept of ''efficiency set'' in the context of group decisions and analyses its properties. If the set contains a si ngle element, then the Borda rule finds it. Otherwise, the group needs a value function to choose from the efficient alternatives. Two value functions, with considerations for the number of participants who are badly affected by the choice, have been discussed. It turns out that the consistency axiom of group choice imposes a constraint, on the for m of the value function, with questionable normative significance.