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  1. (-FY2017) Growth and Poverty Reduction
  2. Ethnic Diversity and Economic Instability in Africa: Policies for Harmonious Development

Market, Democracy, and Diversity of Individual Preferences

https://doi.org/10.18884/00000607
https://doi.org/10.18884/00000607
64ecdcd5-8df6-4e7a-8910-7d13d48f5d31
名前 / ファイル ライセンス アクション
JICA-RI_WP_No.7_2010.pdf JICA-RI_WP_No.7_2010.pdf (478.4 kB)
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Item type 報告書 / Research Paper(1)
公開日 2010-03-01
タイトル
タイトル Market, Democracy, and Diversity of Individual Preferences
言語
言語 eng
キーワード
主題Scheme Other
主題 Institutions of Market and Democracy
キーワード
主題Scheme Other
主題 Diversity
キーワード
主題Scheme Other
主題 Negative Externalities
キーワード
主題Scheme Other
主題 Non-Pecuniary Wealth
キーワード
主題Scheme Other
主題 Cyclical Social Preferences
キーワード
主題Scheme Other
主題 Strong Equilibria
資源タイプ
資源タイプ識別子 http://purl.org/coar/resource_type/c_18ws
資源タイプ research report
ID登録
ID登録 10.18884/00000607
ID登録タイプ JaLC
報告年度
日付 2010-03-01
日付タイプ Issued
著者 Jain, Satish

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内容記述タイプ Abstract
内容記述 This paper looks at the institutions of market and democracy from the perspective of diversity. It is argued in the paper that if in a society there are communities whose command over pecuniary wealth is low, but which have other forms of wealth, a system which is essentially that of injurers not being liable for harm can result in the destruction of non-pecuniary wealth of these communities and thus lead to both immiserization and loss of diversity. With respect to the method of majority decision, one of the most important elements of democracy, the viewpoint that is put forward in the paper says that, when individuals are self-regarding, while diversity of preferences might make a formal difference, it is unlikely to make a substantive difference; but, if individuals' motivations are collective or sub-collective in nature, then it is arguable that the method of majority decision works better, from the perspective of resulting in a socially optimal outcome, when there is less diversity compared to when there is more diversity.
号
号 Working Paper;7
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