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We investigate how individuals think groups should aggregate members' ordinal preferences - that is, how they interpret "the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently...
Persistent link: https://www.econbiz.de/10012625509
This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
Persistent link: https://www.econbiz.de/10014025191
A feasible alternative x is a strong Condorcet winner if for every other feasible alternative y there is some majority coalition that prefers x to y. Let <InlineEquation ID="Equ1"> <EquationSource Format="TEX"><![CDATA[${\cal L}_{C}$]]></EquationSource> </InlineEquation> (resp., <InlineEquation ID="Equ2"> <EquationSource Format="TEX"><![CDATA[$\wp_{C})$]]></EquationSource> </InlineEquation> denote the set of all profiles of linear (resp., merely asymmetric) individual preference relations for which a strong Condorcet...</equationsource></inlineequation></equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10005371154
We describe and characterize the family of asymmetric parametric division rules for the adjudication of conflicting claims on a divisible homogeneous good. As part of the characterization, we present two novel axioms which restrict how a division rule indirectly allocates between different...
Persistent link: https://www.econbiz.de/10010753432
Can ideas mobilize people into collective action? We provide a positive answer to this question by studying how exposure to the Communist ideology shaped an individual's choice to join the Chinese Communist Party (CCP) during the party's formative stage. The individuals we focus on are cadets at...
Persistent link: https://www.econbiz.de/10014226144
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
This chapter studies the theory of value of games with infinitely many players.Games with infinitely many players are models of interactions with many players. Often most of the players are individually insignificant, and are effective in the game only via coalitions. At the same time there may...
Persistent link: https://www.econbiz.de/10014024489
Economists have used the term “nonbinary” to describe both choice functional nonbinariness (choice functions that cannot be rationalized as the maximizing outcome of a binary preference relation) and structural nonbinariness (the structure of the model dictates that pairs of alternatives do...
Persistent link: https://www.econbiz.de/10014025189
This Paper contributes ideas and analysis to the ongoing EU reform debate. It consists of three distinct parts: voting in the Council of Ministers, restructuring the ECB's Governing Council, and the setting of enlargement “examination” dates. The IGC currently focuses on Council voting,...
Persistent link: https://www.econbiz.de/10005504315
I examine the connection between the discursive dilemma and corporate law. The discursive dilemma (or doctrinal paradox) is a distinctive social choice problem that was first identified by Kornhauser and Sager and later used as the basis for a theory of organizational personality by Pettit. I...
Persistent link: https://www.econbiz.de/10005581971