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natural conditions that are necessary for strategy-proofness: monotonicity and reshuffling invariance. We remark that they are …
Persistent link: https://www.econbiz.de/10009399120
Let 𝝫𝑛 be the set of the binary strategy-proof social choice functions referred to a group of n voters who are allowed to declare indifference between the alternatives. We provide a recursive way to obtain the set 𝝫𝑛+1 from the set 𝝫𝑛. Computing the cardinalities |𝝫𝑛|...
Persistent link: https://www.econbiz.de/10014418174
We are concerned with the problem of aggregating infinite utility streams and the possible adoption of consequentialist equity principles when using numerical evaluations of the streams. We find a virtually universal incompatibility between the Basu-Mitra approach (that advocates for social...
Persistent link: https://www.econbiz.de/10009323234
monotonicity axiom which requires that the collective preference become more rational when the individual preferences become more … monotonicity axiom and the other standard assumptions introduced by Arrow (1963): unrestricted domain, weak Pareto, independence of …
Persistent link: https://www.econbiz.de/10010672255
The Borda Count (BC) is a positional voting procedure fairly often applied in nonpolitical choice settings. It has a usual mixture of good and bad theoretical properties. It is monotonic and consistent and excludes the election of an eventual Condorcet loser. It, however, does not necessarily...
Persistent link: https://www.econbiz.de/10012502969
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012876028
individual monotonicity is equivalent to monotonicity, a necessary condition for Nash implementation. The result shows an …
Persistent link: https://www.econbiz.de/10005773327
various families of rules represented by systems of powers. In particular, we show that a rule satisfies monotonicity …
Persistent link: https://www.econbiz.de/10005115541
various families of rules represented by systems of powers. Critical axioms are monotonicity, independence, and symmetric …
Persistent link: https://www.econbiz.de/10005739762
and global monotonicity of power indices are introduced. Shapley-Shubik, Banzhaf-Coleman, and Holler-Packel indices are … analyzed and it is proved that while Shapley-Shubik index satisfies both local and global monotonicity property, Banzhaf …-Coleman satisfies only local monotonicity without being globally monotonic and Holler-Packel index satisfies neither local nor global …
Persistent link: https://www.econbiz.de/10005704167