Showing 1 - 10 of 10
Judgment (or logical) aggregation theory is logically more powerful than social choice theory and has been put to use to recover some classic results of this field. Whether it could also enrich it with genuinely new results is still controversial. To support a positive answer, we prove a social...
Persistent link: https://www.econbiz.de/10011246300
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462
Persistent link: https://www.econbiz.de/10005779415
Theoretical models of government formation in political science usually assume that the head of state in non-strategic. In this paper, we analyze the power of an agenda setter who chooses the order in which players are recognized to form coalitions in simple games.
Persistent link: https://www.econbiz.de/10005478947
Voting games are characterized by the emergence of dominated strategies, that would be iteratively deleted by rational players. In this note we show, via an example, how applying iterated dominance retricts the set of equilibrium outcomes in Besley and Coate (1997) citizen-candidate model of...
Persistent link: https://www.econbiz.de/10005478972
In a framework of preferences over lotteries, we show that an axiom system consisting of weakened versions of Arrow's axioms has a unique solution. "Relative Utilitarianism" consists of first normalising individual von Neumann-Morgenstern utilities between 0 and 1 and then summing them. This...
Persistent link: https://www.econbiz.de/10005043190
Persistent link: https://www.econbiz.de/10005633991
Is selfishness always a bad thing, in the sense that people can only be better off when everyone is concerned with well-being of others as well as with his own, or are there situations in which altruis, can actually make things worse for all people involved? This paper tackles this question in...
Persistent link: https://www.econbiz.de/10005634090
In this paper, we introduce the notion of a linked domain and prove that a non-manipulable social choice function defined on such a domain must be dictatorial.
Persistent link: https://www.econbiz.de/10005634221
This paper studies the impact of considering the incentives of candidates to strategically affect the outcome of a voting procedure. First we show that every non-dictatorial voting procedure that satisfies unanimity, is open to strategic entry or exit by candidates: there necessarily exists some...
Persistent link: https://www.econbiz.de/10005669337