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We consider voting rules on a multidimensional policy space for a continuum of voters with elliptic preferences. Assuming continuity, gamma -strategy-proofnessmeaning that coalitions of size smaller or equal to a small number gamma cannot manipulateand unanimity, we show that such rules are...
Persistent link: https://www.econbiz.de/10010317111
In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure starts with the set of all individuals who are defined by everyone in the society as group members, while the starting point of the second procedure is the set of all individuals...
Persistent link: https://www.econbiz.de/10003731221
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Economic systems generate various distributions of opportunity sets for individuals to choose consumption bundles. This paper presents an axiomatic analysis on distributions of opportunity sets. We introduce several reasonable properties of distributions of opportunity sets, and characterize the...
Persistent link: https://www.econbiz.de/10008808259
Economic systems generate various distributions of opportunity sets for individuals to choose consumption bundles. This paper presents an axiomatic analysis on distributions of opportunity sets. We introduce several reasonable properties of distributions of opportunity sets, and characterize the...
Persistent link: https://www.econbiz.de/10008856582
Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implication of weaker versions of these two rationality conditions in the context of solutions to non-convex bargaining problems. It is shown that, together with the standard...
Persistent link: https://www.econbiz.de/10008653615
Persistent link: https://www.econbiz.de/10009578434
Persistent link: https://www.econbiz.de/10011287609
We study the political determination of the level of social long-term care insurance when voters also choose private insurance and saving amounts. Agents differ in income, probability of becoming dependent and of receiving family help. Social insurance redistributes across income and risk...
Persistent link: https://www.econbiz.de/10009773419