Collective Decision-Making:

Collective Decision-Making:
Author: Norman Schofield
Publisher: Springer Science & Business Media
Total Pages: 430
Release: 2013-03-09
Genre: Political Science
ISBN: 9401587671

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.

Governing the Commons

Governing the Commons
Author: Elinor Ostrom
Publisher: Cambridge University Press
Total Pages: 297
Release: 2015-09-23
Genre: Business & Economics
ISBN: 1107569788

Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.

The Costs of Coalition

The Costs of Coalition
Author: Carol Mershon
Publisher: Stanford University Press
Total Pages: 340
Release: 2002
Genre: Philosophy
ISBN: 9780804740838

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.

Collective Decisions and Voting

Collective Decisions and Voting
Author: Nicolaus Tideman
Publisher: Routledge
Total Pages: 343
Release: 2017-03-02
Genre: Political Science
ISBN: 1351950622

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.

Perspectives on Positive Political Economy

Perspectives on Positive Political Economy
Author: James E. Alt
Publisher: Cambridge University Press
Total Pages: 284
Release: 1990-09-28
Genre: Business & Economics
ISBN: 9780521398510

This volume serves as an introduction to the field of positive political economy and the economic and political processes with which it is concerned. This new research tradition is distinct from both normative and historical approaches to political economy. Grounded in the rational-actor methodology of microeconomics, positive political economy is the study of rational decisions in a context of political and economic institutions. More analytical than traditional approaches, it is concerned with the derivation of principles and propositions against which real-world experience may be compared. Its focus is on empirical regularities, and its goal is theoretical explanation. The field has focused on three main areas of research: models of collective action, constraints on competitive market processes, and the analysis of transaction costs. Developments in all of these areas are covered in the book. The first part of the volume surveys the field, while the second part displays positive political economy at work, examining a variety of subjects. The final part contains essays by leading political economists on the theoretical foundations of the field.

The Economics Of Collective Choice

The Economics Of Collective Choice
Author: Joe B Stevens
Publisher: Routledge
Total Pages: 522
Release: 2018-02-06
Genre: Political Science
ISBN: 0429972482

The study of government policy and public decision-making has experienced a renaissance in recent years as economists and political scientists have come together to form the new field of collective, or public, choice. The Economics of Colletive Choice is a breakthrough text in this field. It is the first to approach the public policy process with a sophisticated understanding of both economics and government and to present these ideas with a grace and accessibility entirely appropriate to undergraduates. Collective choice economics as presented by Professor Stevens is a mix of applied welfare economics and public choice analysis and does not presuppose a knowledge of intermediate microeconomics. Professor Stevens credits both the conservative insight that government intervention is often worse than what it is intended to cure and the liberal view that efficiency and justice are sometimes best served by intervention. This approach allows students to find their own balance between these ideological views. This unique book is designed as a core text for courses on public choice and public policy analysis. It will also find wide use in courses on public administration or public affairs and as a supplementary text in courses on public sector economics and public finance.

Computational Models in Political Economy

Computational Models in Political Economy
Author: Ken Kollman
Publisher: MIT Press
Total Pages: 306
Release: 2003
Genre: Business & Economics
ISBN: 9780262112758

The use of innovative computational models in political economic research as a complement to traditional analytical methodologies.

The Political Economy of Collective Decision-Making

The Political Economy of Collective Decision-Making
Author: Tim Veen
Publisher: Springer Science & Business Media
Total Pages: 217
Release: 2011-07-28
Genre: Political Science
ISBN: 3642201741

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.

Collective Preference and Choice

Collective Preference and Choice
Author: Shmuel Nitzan
Publisher: Cambridge University Press
Total Pages: 275
Release: 2010
Genre: Business & Economics
ISBN: 0521897254

A study of the classical aggregation problems that arise in social choice theory, voting theory, and group decision-making under uncertainty.

The Economic Effects of Constitutions

The Economic Effects of Constitutions
Author: Torsten Persson
Publisher: MIT Press
Total Pages: 324
Release: 2005-01-14
Genre: Business & Economics
ISBN: 9780262661928

The authors of The Economic Effects of Constitutions use econometric tools to study what they call the "missing link" between constitutional systems and economic policy; the book is an uncompromisingly empirical sequel to their previous theoretical analysis of economic policy. Taking recent theoretical work as a point of departure, they ask which theoretical findings are supported and which are contradicted by the facts. The results are based on comparisons of political institutions across countries or time, in a large sample of contemporary democracies. They find that presidential/parliamentary and majoritarian/proportional dichotomies influence several economic variables: presidential regimes induce smaller public sectors, and proportional elections lead to greater and less targeted government spending and larger budget deficits. Moreover, the details of the electoral system (such as district magnitude and ballot structure) influence corruption and structural policies toward economic growth.Persson and Tabellini's goal is to draw conclusions about the causal effects of constitutions on policy outcomes. But since constitutions are not randomly assigned to countries, how the constitutional system was selected in the first place must be taken into account. This raises challenging methodological problems, which are addressed in the book. The study is therefore important not only in its findings but also in establishing a methodology for empirical analysis in the field of comparative politics.