Copyright

Martin J. Osborne; Ariel Rubinstein

Published On

2023-06-26

Page Range

pp. 329–346

Language

  • English

Print Length

16 pages

Aggregating preferences

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