The Political Economy Of Collective Decision Making

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Collective Decision-Making:

Author : Norman Schofield
Publisher : Springer Science & Business Media
ISBN 13 : 9401587671
Total Pages : 430 pages
Book Rating : 4.4/5 (15 download)

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Book Synopsis Collective Decision-Making: by : Norman Schofield

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.

Collective Preference and Choice

Author : Shmuel Nitzan
Publisher : Cambridge University Press
ISBN 13 : 0521897254
Total Pages : 275 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis Collective Preference and Choice by : Shmuel Nitzan

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.

The Political Economy of Collective Decision-Making

Author : Tim Veen
Publisher : Springer Science & Business Media
ISBN 13 : 3642201741
Total Pages : 217 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis The Political Economy of Collective Decision-Making by : Tim Veen

Download or read book The Political Economy of Collective Decision-Making written by Tim Veen and published by Springer Science & Business Media. This book was released on 2011-07-28 with total page 217 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.

Competition and Structure

Author : Albert Breton
Publisher : Cambridge University Press
ISBN 13 : 9780521771337
Total Pages : 464 pages
Book Rating : 4.7/5 (713 download)

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Book Synopsis Competition and Structure by : Albert Breton

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

State, Anarchy, Collective Decisions

Author : A. Coram
Publisher : Springer
ISBN 13 : 1403900833
Total Pages : 190 pages
Book Rating : 4.4/5 (39 download)

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Book Synopsis State, Anarchy, Collective Decisions by : A. Coram

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 190 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?

Collective Decision Making

Author : Shmuel Nitzan
Publisher : CUP Archive
ISBN 13 : 9780521303262
Total Pages : 152 pages
Book Rating : 4.3/5 (32 download)

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Book Synopsis Collective Decision Making by : Shmuel Nitzan

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.

States and Markets

Author : Adam Przeworski
Publisher : Cambridge University Press
ISBN 13 : 9780521535243
Total Pages : 244 pages
Book Rating : 4.5/5 (352 download)

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Book Synopsis States and Markets by : Adam Przeworski

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.

Readings in Public Choice and Constitutional Political Economy

Author : Charles Rowley
Publisher : Springer Science & Business Media
ISBN 13 : 0387758704
Total Pages : 617 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Readings in Public Choice and Constitutional Political Economy by : Charles Rowley

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.

The Political Economy of James Buchanan

Author : David Reisman
Publisher : Springer
ISBN 13 : 1349105198
Total Pages : 211 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis The Political Economy of James Buchanan by : David Reisman

Download or read book The Political Economy of James Buchanan written by David Reisman and published by Springer. This book was released on 1989-11-20 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: A survey of the political economy of James Buchanan seeking to explain his theories in detail and evaluate them in depth, covering topics such as the constitution and its failure, democracy, operational rules for the constitution and economics.

Collective Decisions and Voting

Author : Nicolaus Tideman
Publisher : Routledge
ISBN 13 : 1351950622
Total Pages : 343 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Collective Decisions and Voting by : Nicolaus Tideman

Download or read book Collective Decisions and Voting written by Nicolaus Tideman and published by Routledge. This book was released on 2017-03-02 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: When one thinks about how collective decisions are made, voting is the method that comes naturally to mind. But other methods such as random process and consensus are also used. This book explores just what a collective decision is, classifies the methods of making collective decisions, and identifies the advantages and disadvantages of each method. Classification is the prelude to evaluation. What are the characteristics of a method of making collective decisions, the book asks, that permit us to describe a collective decision as good? The second part of the book is detailed exploration of voting: the dimensions in which voting situations differ, the origins and logic of majority rule, the frequency of cycles in voting, the Arrow and Gibbard-Satterthwaite theorems, criteria for ways of cutting through cycles and the application of these criteria to a variety of rules, voting over continuums, proportional representation, and voting rules that take account of intensities of preferences. Relatively unknown methods of voting give voting a much greater potential than is generally recognized. Collective Decisions and Voting is essential reading for everyone with an interest in voting theory and in how public choices might be made.

Models of Political Economy

Author : Hannu Nurmi
Publisher : Routledge
ISBN 13 : 1134338627
Total Pages : 262 pages
Book Rating : 4.1/5 (343 download)

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Book Synopsis Models of Political Economy by : Hannu Nurmi

Download or read book Models of Political Economy written by Hannu Nurmi and published by Routledge. This book was released on 2006-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Models of Political Economy will introduce students to the basic methodology of political economics. It covers all core theories as well as new developments including: decision theory game theory mechanism design games of asymmetric information. Hannu Nurmi's text will prove to be invaluable to all students who wish to understand this increasingly technical field.

Fuzziness, Democracy, Control and Collective Decision-choice System: A Theory on Political Economy of Rent-Seeking and Profit-Harvesting

Download Fuzziness, Democracy, Control and Collective Decision-choice System: A Theory on Political Economy of Rent-Seeking and Profit-Harvesting PDF Online Free

Author : Kofi Kissi Dompere
Publisher : Springer Science & Business Media
ISBN 13 : 3319053299
Total Pages : 273 pages
Book Rating : 4.3/5 (19 download)

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Book Synopsis Fuzziness, Democracy, Control and Collective Decision-choice System: A Theory on Political Economy of Rent-Seeking and Profit-Harvesting by : Kofi Kissi Dompere

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.

Governing the Commons

Author : Elinor Ostrom
Publisher : Cambridge University Press
ISBN 13 : 1107569788
Total Pages : 297 pages
Book Rating : 4.1/5 (75 download)

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Book Synopsis Governing the Commons by : Elinor Ostrom

Download or read book Governing the Commons written by Elinor Ostrom and published by Cambridge University Press. This book was released on 2015-09-23 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

The Political Economy of Social Choices

Author : Maria Gallego
Publisher : Springer
ISBN 13 : 3319401181
Total Pages : 285 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis The Political Economy of Social Choices by : Maria Gallego

Download or read book The Political Economy of Social Choices written by Maria Gallego and published by Springer. This book was released on 2016-09-02 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents state-of-the-art research in political economy dealing with the decision making process under different political institutions. It focuses on the role that states and governments have on political outcomes and on the well-being of individuals, taking into account the differences that arise across autocracies and democracies and within political regimes. The research in this book is embedded with the political economy and social choice traditions and uses the rigorous frameworks of economics, political science and social choice theory to show how institutional settings shape social choices of a group of individuals or a nation. The contributions in this volume use a variety of cutting-edge game theory and mathematical tools as well as data and simulations that coupled with statistical techniques help us gain greater insights into these issues.

The Costs of Coalition

Author : Carol Mershon
Publisher : Stanford University Press
ISBN 13 : 9780804740838
Total Pages : 340 pages
Book Rating : 4.7/5 (48 download)

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Book Synopsis The Costs of Coalition by : Carol Mershon

Download or read book The Costs of Coalition written by Carol Mershon and published by Stanford University Press. This book was released on 2002 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to understand and explain who governs, and for how long, under the institution of parliamentary democracy. In the process, it investigates the nature of political scientists' knowledge of coalitional behavior and how to advance it.

Institutions and Collective Choice in Developing Countries

Author : Mwangi S. Kimenyi
Publisher : Routledge
ISBN 13 : 0429806302
Total Pages : 710 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Institutions and Collective Choice in Developing Countries by : Mwangi S. Kimenyi

Download or read book Institutions and Collective Choice in Developing Countries written by Mwangi S. Kimenyi and published by Routledge. This book was released on 2019-05-23 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1999, this volume is written by seasoned public choice scholars and is intended to make a significant contribution to the debate on peaceful coexistence and sustainable development in developing countries. The book contains a rich mixture of analytical ideas and views on collective choice and macroeconomic performance in developing countries. This book breaks new ground in that it is the first comprehensive application of the theory of public choice to collective decision making in developing societies. It provides both students of Third World studies and policy makers in developing societies an in-depth analysis for institutions for collective choice. For countries undergoing major reform of their political and economic institutions, public choice theory can provide significant and useful insights, and help these societies design and adopt institutional arrangements that enhance peaceful coexistence of groups, the creation of wealth and sustainable development. Specifically, the book successfully shows that: (1) the application of economic theory to the study of public policy in the developing countries can provide important insights into collective decision-making; (2) the application of public choice theory to the study of developing societies can significantly improve the efficiency of bureaucratic and governmental systems, and consequently, promote economic, political and social development; and (3) public choice can help developing societies design and sustain effective laws and institutions for peaceful coexistence of groups and achieve sustainable development.

Collective Action

Author : Russell Hardin
Publisher : Routledge
ISBN 13 : 113543302X
Total Pages : 265 pages
Book Rating : 4.1/5 (354 download)

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Book Synopsis Collective Action by : Russell Hardin

Download or read book Collective Action written by Russell Hardin and published by Routledge. This book was released on 2015-12-03 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public choice, an important subdiscipline in the field of political theory, seeks to understand how people and societies make decisions affecting their collective lives. Relying heavily on theoretical models of decision making, public choice postulates that people act in their individual interests in making collective decisions. As it happens, however, reality does not mirror theory, and people often act contrary to what the principal public choice models suggest. In this book, Russell Hardin looks beyond the models to find out why people choose to act together in situations that the models find quite hopeless. He uses three constructs of modern political economy--public goods, the Prisoner's Dilemma, and game theory--to test public choice theories against real world examples of collective action. These include movements important in American society in the past few decades--civil rights, the Vietnam War, women's rights, and environmental concerns. This classic work on public choice will be of interest to theoreticians and graduate students in the fields of public choice, political economy, or political theory--and to those in other disciplines who are concerned with the problem of collective action in social contexts.