Showing 1 - 10 of 18
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, the authors prove...
Persistent link: https://www.econbiz.de/10011147684
The authors provide possibility results on the aggregation of beliefs and tastes for Monotone, Bernoullian and Archimedian preferences of Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci, and Siniscalchi (2011). The authors propose a new axiom, Unambiguous Pareto Dominance, which requires that...
Persistent link: https://www.econbiz.de/10011147710
La théorie de l’agrégation des jugements, ou, comme elle est ici conçue,de l’agrégation logique, généralise celle du choix social en faisant porter la règle d’agrégation sur des jugements quelconques au lieu des seuls jugements depréférence. Elle procède du paradoxe doctrinal de...
Persistent link: https://www.econbiz.de/10008672461
Judgment aggregation theory, or rather, as we conceive of it here, logical aggregation theory generalizes social choice theory by having the aggregation rule bear on judgments of all kinds instead of merely preference judgments. It derives from Kornhauser and Sager’s doctrinal paradox and...
Persistent link: https://www.econbiz.de/10011031659
Résumé d'auteur : <p>" On présente brièvement ici la contribution de Georges-Théodule Guilbaud (1912-2006) aux théories agrégatives contemporaines. Précurseur méconnu, il anticipe la conception algébrique de l'agrégation et la théorie plus récente de l'agrégation des jugements, qui...</p>
Persistent link: https://www.econbiz.de/10011031660
Author's abstract. Judgment aggregation theory generalizes social choice theory by having the aggregation rule bear on judgments of all kinds instead of barely judgments of preference. The paper briefly sums it up, privileging the variant that formalizes judgment by a logical syntax. The theory...
Persistent link: https://www.econbiz.de/10010832946
Author's abstract. Approval voting has attracted considerable interest among voting theorists, but they have rarely investigated it in the Arrovian frame-work of social welfare functions (SWF) and never connected it with Arrow’s impossibility theorem. This note explores these two direc- tions....
Persistent link: https://www.econbiz.de/10010832970
This paper studies corporate control in a general equilibrium model with incomplete markets. At the market equilibrium, shareholders typically disagree on the way to evaluate production plans outside the market span. Hence a collective decision mechanism is needed to resolve this conflict. A...
Persistent link: https://www.econbiz.de/10005011606
An economy with two dates is considered, on state at the first date and a finite number of states at the last date. Shareholders determine production plans b voting -one share, one vote- and at r-majority stable equilibria, alternative production plans are supported by at most rx100 percent of...
Persistent link: https://www.econbiz.de/10005011615
This article provides a study of corporate control in a general equilibrium framework for production economies. When markets are incomplete, trading assets does not allow agents to fully resolve their conflict of interest: at the market equilibrium, shareholders disagree on the way to evaluate...
Persistent link: https://www.econbiz.de/10005011623