Showing 1 - 10 of 27
We consider an election in which each voter can collect information of different precision. Voters have asymmetric information and preferences that vary both in terms of ideology and intensity. In contrast to all other models of voting with endogenous information, in equilibrium voters collect...
Persistent link: https://www.econbiz.de/10010665757
Should two issues be decided jointly by a single committee or in separately by different committees? Similarly, should two defendants be tried together in a joint trial or tried separately in severed trials? Multiplicity of issues or defendants introduces novel strategic considerations. As in...
Persistent link: https://www.econbiz.de/10010743798
Agents with single-peaked preferences share a resource coming from different suppliers; each agent is connected to only a subset of suppliers. Examples include workload balancing, sharing earmarked funds, and rationing utilities after a storm.
Persistent link: https://www.econbiz.de/10011042928
We analyze the preference aggregation problem without the assumption that individuals and society have fully determined and observable preferences. More precisely, we endow individuals and society with sets of possible von Neumann–Morgenstern utility functions over lotteries. We generalize the...
Persistent link: https://www.econbiz.de/10011042931
We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyiʼs impartial observer theorem. For this family of social welfare functions, we show what additional axiom is necessary and sufficient for the observer to exhibit...
Persistent link: https://www.econbiz.de/10011042954
Few papers in the literature on inequality measurement deal with uncertainty, particularly when the ranking of cohorts may not be fixed. We present a set of axioms implying such a class of inequality measures under uncertainty that is a one-parameter extension of the generalized Gini mean over...
Persistent link: https://www.econbiz.de/10011042965
I consider whether the agentsʼ reluctance to make a large lie is helpful for the rule designer to construct a nonmanipulable rule. For this purpose, I study an axiom, called AM-proofness, saying that manipulation cannot occur through preferences adjacent to the sincere one. Through examples, I...
Persistent link: https://www.econbiz.de/10011042967
A model of judgment aggregation is presented in which judgments on propositions are not binary but come in degrees. The primitives are a set of propositions, an entailment relation, and a “triangular norm” which establishes a lower bound on the degree to which a proposition is true whenever...
Persistent link: https://www.econbiz.de/10011042972
I study the egalitarian way of distributing resources across generations. Distributional equity deeply conflicts with the Pareto principle: efficient allocations cannot guarantee that i) each generation be assigned a consumption bundle that is at least as large as an arbitrarily small fraction...
Persistent link: https://www.econbiz.de/10011042974
In this paper, we investigate domains that admit “well-behaved” strategy-proof social choice functions. We show that if the number of voters is even, then every domain that satisfies a richness condition and admits an anonymous, tops-only, unanimous and strategy-proof social choice function,...
Persistent link: https://www.econbiz.de/10011042976