Significance of the Vector Criterion for the Improvement of the Voting Rule
DOI:
https://doi.org/10.37075/RP.2010.2.07Abstract
This research paper draws an approach for Pareto improvement through implementing a multicriteria rule for public choice. The main suggestion is that the political alternatives can be ranged on the basis of several criteria. For this purpose the characteristics of the political alternatives are presented with the help of the main conceptions of the characteristic theory, developed by Kelvin Lancaster. The right definition of the political alternatives in respect to the specificity of the social preferences will reduce the political externalities and this will lead to Pareto improvement. As a best approach is proposed the method of linear scalarization.References
Hirsch, Werner Z. & Rufolo, Anthony M. (1990). Public finance and expenditure in a federal system. Harcourt Brace Jovanovich, Inc. ISBN: 978-0-15-573482-1
Arrow, K. J. (1951). Social Choice and Individual Values. New York: Wiley.
Kraan, Dirk-Jan (1996). Budgetary decisions: A public choice approach. Cambridge University Press. ISBN: 978-0-521-55867-9 DOI: https://doi.org/10.1017/CBO9780511628320
Hyman, D. (1993). Public Finance: A Contemporary Application of Theory to Policy. Dryden Press. ISBN: 978-0-03-074813-4
Downs, Anthony (1957). An Economic Theory of Democracy. New York: Harper & Row. ISBN: 978-0-06-041750-5
Rumen Brusarski (2007). Theory of Public Finance. Sofia: University Publishing House "Stopanstvo". ISBN: 978-954-494-829-0
Chernorutskii, I. (2005). Methods of Decision Making. BHV – Petersburg.
Traycho Stefanov Spasov (2004). Microeconomics. Sofia: University Publishing House "Stopanstvo". ISBN: 954-494-509-1
Niskanen, William A. (1971). Bureaucracy and Representative Government. Chicago: Aldine.
Musgrave, R. & Musgrave, P. (1998). Government Finance: Theory and Practice. Sofia: Izd. "Otvoreno Obshchestvo".
Oates, W. E. (1972). Fiscal Federalism. New York: Harcourt Brace Jovanovich.
Osborne, D. & Gaebler, T. (1992). Reinventing Government: How the Entrepreneurial Spirit Is Transforming the Public Sector. Reading, Mass.: Addison Wesley Publishing Company, Inc. ISBN: 978-0-201-52394-2
Samuelson, Paul A. (1954). The Pure Theory of Public Expenditure. The Review of Economics and Statistics, 36(4), 387-389. DOI: https://doi.org/10.2307/1925895
Zhukovin, V. (1981). Models and Procedures for Decision Making. Tbilisi: Metsniereba.
Rosen, H. (1999). Public Finance. Irwin McGraw-Hill. ISBN: 978-0-256-17329-1
Downloads
Published
Issue
Section
License
Copyright (c) 2010 Petar Mitev (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright to their works.
All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.
