Power, Outcomes and Preferences / Macht, Ereignisse und Präferenzen

Holler Manfred J. () and Nurmi Hannu ()
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Holler Manfred J.: Institute of SocioEconomics (IAW), University of Hamburg, Von-Melle-Park 5, D-20146 Hamburg, Germany
Nurmi Hannu: Academy of Finland and University of Turku, Department of Political Science, Finland

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2005, vol. 225, issue 2, 181-191

Abstract: There is an ongoing discussion about the relationship of power and preferences: Is power reflected in what the agents can do and what they want to do, or, alternatively, are preferences and power two separate dimensions of determining the outcome of decisionmaking? In the latter case decisionmaking is troubled with all kinds of paradoxes which do not allow to derive well-defined outcomes which can relate preferences to resources (votes), decision rules, and power – if we do not subscribe to the rather rigorous assumption of single-peaked preferences on a one-dimensional preference space. This paper raises the question whether these paradoxes do not undermine a power concept which combines preferences and collective decision rules, described by games, with resulting outcomes. A discussion of the Public Good Index with respect to decision rules concludes the paper.

Keywords: Power measures; preferences; collective decisionmaking; social choice; Machtindizes; Präferenzen; kollektive Entscheidungen; Theorie; soziale Entscheidungen (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:225:y:2005:i:2:p:181-191

DOI: 10.1515/jbnst-2005-0205

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