Showing 1 - 10 of 43
This article reconsiders the Harsanyi--Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and its formalization by Weymark are based on the claim that von...
Persistent link: https://www.econbiz.de/10005459272
result demonstrates that there is a fundamental conflict between efficiency and distributional goals in exchange economies if …
Persistent link: https://www.econbiz.de/10005459255
A social choice function satisfies the tops-only property if the chosen alternative only depends on each person's report of his most-preferred alternatives on the range of this function. On many domains, strategy-proofness implies the tops-only property, provided that the range of the social...
Persistent link: https://www.econbiz.de/10005585306
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/10005595941
This article considers the ranking of profiles of opportunity sets on the basis of their equality. A version of the Pigou-Dalton transfer principle that is appropriate for the measurement of opportunity inequality is introduced and used to axiomatize the class of generalized Gini equality of...
Persistent link: https://www.econbiz.de/10005459274
In the past quarter century, there has been a dramatic shift of focus in social choice theory, with structured sets of alternatives and restricted domains of the sort encountered in economic problems coming to the fore. This article provides an overview of some of the recent contributions to...
Persistent link: https://www.econbiz.de/10005752754
There are a number of single-profile impossibility theorems in social choice theory and welfare economics that demonstrate the incompatibility of dominance criteria with various nonconsequentialist principles given some rationality restrictions on the rankings being considered. This article is...
Persistent link: https://www.econbiz.de/10010671501
This paper provides sufficient conditions to ensure nonemptiness of approximate cores of many-player games and symmetry of approximate core payoffs (the equal treatment property). The conditions are: (a) essential superadditivity -- an option open to a group of players is to partition into...
Persistent link: https://www.econbiz.de/10009352207
A voting procedure is candidate stable if no candidate would prefer to withdraw from an election when all of the other potential candidates enter. Dutta, Jackson, and Le Breton have recently established a number of theorems showing that candidate stability is incompatible with some other...
Persistent link: https://www.econbiz.de/10005034028
Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial...
Persistent link: https://www.econbiz.de/10005034031