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Theory and Decision

, Volume 62, Issue 4, pp 355–374 | Cite as

Individually Rational Collective Choice

  • Andrés Carvajal
Article

Abstract

There is a collection of exogenously given socially feasible sets, and, for each one of them, each individual in a group chooses from an individually feasible set. The fact that the product of the individually feasible sets is larger than the socially feasible set notwithstanding, there arises no conflict between individual choices. Assuming that individual preferences are random, I characterize rationalizable collective choices.

Keywords

collective choice consumer choice individual rationality random utility revealed preference 

JEL Classification Numbers

D70 D74 D12 

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Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of WarwickCoventryUK

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