Egalitarian Collective Decisions as Good Corporate Governance

Federica Alberti, Werner Güth, Hartmut Kliemt, Kei Tsutsui

Research output: Chapter or section in a book/report/conference proceedingChapter or section


Value-neutral (Robbinsian) economic science cannot directly address substantive normative issues. Economics can, however, provide analytical and empirical methods that make implications and consequences of normative premises (more) transparent and thereby indirectly contribute to normative opinion formation. To this effect we translate substantive normative premises of stakeholder value approaches into operational axioms that characterize a class of collective decision mechanisms. If such implications seem less attractive to stakeholder theorists than the high-minded values from which they started in criticism of shareholder value approaches, they should come up with alternative collective decision mechanisms or a modified set of values.
Original languageEnglish
Title of host publicationAdvances in Collective Decision Making
Subtitle of host publicationInterdisciplinary Perspectives for the 21st Century
EditorsSascha Kurz, Nicola Maaser, Alexander Mayer
Number of pages184
Publication statusAcceptance date - 23 Jun 2022

Publication series

NameStudies in Choice and Welfare


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