Copyright
Martin J. Osborne; Ariel RubinsteinPublished On
2023-06-26Page Range
pp. 329–346Language
- English
Print Length
16 pages
Aggregating preferences
Chapter of: Models in Microeconomic Theory: Expanded Second Edition (She)(pp. 329–346)
When we discuss public decisions, we often talk about the preferences of a group of people, like a nation, a class, or a family. We do so even though the members of the group have different preferences; we say that “the group prefers one option to another” even though the meaning of such a statement is unclear. In this chapter we discuss one model of the aggregation of individuals’ preferences into a social preference relation.
Contributors
Martin J. Osborne
(author)Professor Emeritus of Economics at University of Toronto
Ariel Rubinstein
(author)Emeritus in School of Economics at Tel Aviv University
Professor of Economics at New York University