| Autor: |
Mihai Ungureanu |
| Jazyk: |
angličtina |
| Rok vydání: |
2008 |
| Předmět: |
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| Zdroj: |
Theoretical and Applied Economics, Vol 11(528), Iss 11(528), Pp 37-50 (2008) |
| Druh dokumentu: |
article |
| ISSN: |
1841-8678 |
| Popis: |
In this article I present the Impossibility of a Paretian Libertarian theorem (Sen) and I discuss its significance with regard to the problem of externalities. I introduce two conditions for the selection of an “acceptable” solution for this impossibility result: efficacy for real societies and ideological fidelity. I present Hillinger-Lapham, Gibbard, Blau and Saari solutions and I classify them according to the two conditions mentioned above. I extend the social choice literature by introducing a new solution consisting in a reformulation of the libertarian at the minimal-rational libertarian preferences. In this formulation the only relevant kind of preferences are those that are “minimal-rational libertarian”. This solution satisfies both the efficacity for real societies and the ideological fidelity conditions. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
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