"Individual Social Dualism" Essays and Research Papers

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Individual Social Dualism

available to escape its predictions and finally discuss its implications for political voting and elections. I will begin by giving some definitions and presenting the fundamental issue of social choice theory, consisting of the identification of an “ideal” device for preference aggregation, capable of converting individual rankings into collective ones, reflecting each individual’s preference into an optimal societal choice. Given a finite set of voters having to choose between a finite set of candidates...

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Consumer Behaviour

where people do or do not buy a product. It blends elements from psychology, sociology, socialanthropology and economics. It attempts to understand the buyer decision making process, both individually and in groups. It studies characteristics of individual consumers such as demographics and behavioural variables in an attempt to understand people's wants. It also tries to assess influences on theconsumer from groups such as family, friends, reference groups, and society in general. Customer behaviour...

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Micro Easter Essay

competitive equilibrium, we may conclude that social welfare is being maximized.” Access this statement and explain why you think it is right or wrong. This essay will commence by defining the criteria for social welfare maximization. It will then discuss the relationship between competitive market and Pareto efficient before explaining the implication from the first and the second welfare theorem. It will then talk about equity issue arise from the topic and social welfare functions. Finally, the essay...

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Public Economics

In their review article on the development of general equilibrium theory, Duffie and  Sonneschein write: “the first welfare theorem concerns the Pareto optimality of Walrasian  allocations. It offers the modern expression of Adam Smith’s declaration that individuals  acting in their own interest will promote the social good” (p. 576). Discuss.    Readings   *HM, Chapters 2 and 12  Duffie‐Sonnenschein, "Arrow and the general equilibrium theory", in Journal of Economic  Literature, (1989), vol. 27, pp. 565‐598.   Evensky: "Ethics and the invisible hand"...

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The Behavioural Patterns of Consumers on Haematinics in Ghana

the mid 1990’s to date. There are various brands of haematinics on the Ghanaian market with similar composition or slightly different compositions all serving the same purpose. These drugs are over-the-counter (OTC) medications that patients or individuals could easily walk to the Pharmacy to purchase with or without a prescription. With the advent of mass marketing it is important to understand how consumer attitudes towards haematinic brands in Ghana and develop appropriate communications for the...

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Essay on Public Choice

study of political behavior.[2] In political science, it is the subset of positive political theory that models voters, politicians, and bureaucrats as mainly self-interested.[1] In particular, it studies such agents and their interactions in the social system either as such or under alternative constitutional rules. These can be represented in a number of ways, including standard constrained utility maximization, game theory, or decision theory. Public choice analysis has roots in positive analysis...

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Local Government

appropriate balance inside their communities between economic, social, environmental and cultural considerations. “Line functions are those that contribute directly to the delivery of service to the public” (Gildenhuys, 1997, p10). Alternatively line function can be defined as relationship between the public and the staff delivering the service. According to Gildenhuys, (1997) line functions can be classified as control and protection function, social welfare function and economic welfare functions. “Control...

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BUS 475 Week2 Team assignment

their values from their experiences, which are reflected later in a person’s individual behaviors and actions. Similar to the basic period, a person’s first job experiences are absorbed in his or her mind forming their workplace values and behaviors. For example, if a teenager witnesses a manager skimming money from the cash register without remorse, this memory is imprinted in his or her mind. Unless his or her individual values are in place correctly, the unethical behavior displayed to them at...

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Beyond Gdp Paper

php?doi=10.1257/jel.47.4.1029 Beyond GDP: The Quest for a Measure of Social Welfare Marc Fleurbaey* This paper critically examines the various approaches to the measurement of individual well-being and social welfare that have been considered for the construction of alternatives to GDP. Special attention is devoted to recent developments in the analysis of sustainability, in the study of happiness, in the theory of social choice and fair allocation, and in the capability approach. It is suggested...

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Arrow S Impossibility Theorem

Courtney Thompson The Impossibility of Social Choice Introduction Social choice theory depends on individual preferences. Kenneth Arrow wrote a book exploring the properties of social choice functions. This book focuses on problems of aggregating individual preferences to maximize social choice functions, or to satisfy some kind of normative criteria given the preferences of the individual voters. This research on optimal methods of aggregation has spurred interest in properties of actual procedures...

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