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A contingent contract in a transferable utility game under uncertainty specifies an outcome for each possible state. It is assumed that coalitions evaluate these contracts by considering the minimal possible excesses. A main question of the paper concerns the existence and characterization of...
Persistent link: https://www.econbiz.de/10005304910
Single-peaked preferences have played an important role in the literature ever since they were used by Black (1948) to formulate a domain restriction that is sufficient for theexclusion of cycles according to the majority rule. In this paper, we approach single-peakedness from a choice-theoretic...
Persistent link: https://www.econbiz.de/10005209873