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Article Dans Une Revue Economic Theory Année : 2006

Negative externalities and Sen's liberalism thorem

Résumé

Sen's seminal, negative theorem about minimal liberalism has had a profound effect on economics, philosophy, and the social sciences. To address concerns raised by his result, we show how Sen's assumptions must be modified to obtain positive conclusions; e.g., one resolution allows an agent to be decisive only if his choice does not impose “strong negative externalities” on others. We also uncover a significantly different interpretation of Sen's societal cycles: rather than describing the rights of individuals to choose, the cycles identify when these choices impose difficulties on others. Other ways to address Sen's difficulties come from game theory.
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halshs-00094539 , version 1 (14-09-2006)

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  • HAL Id : halshs-00094539 , version 1

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Anne Pétron, Donald G. Saari. Negative externalities and Sen's liberalism thorem. Economic Theory, 2006, 28 (2), pp.265-281. ⟨halshs-00094539⟩
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