Showing 1 - 10 of 23
Academic research is a public good whose production is supported by the tuition-paying students that a faculty's research accomplishments attract. A professor's spot contribution to the university's revenues thus depends not on her spot research production, but rather on her cumulative research...
Persistent link: https://www.econbiz.de/10005070472
We consider a decentralized, multilayered representative democracy, where citizens participate in deliberative policy formation after self-organizing into a pyramidal hierarchy of small groups. Each group elects a delegate, who expresses the deliberative consensus of that group at the next tier...
Persistent link: https://www.econbiz.de/10005260144
Judgement aggregation is a model of social choice where the space of social alternatives is the set of consistent evaluations (`views') on a family of logically interconnected propositions, or yes/no-issues. Unfortunately, simply complying with the majority opinion in each issue often yields a...
Persistent link: https://www.econbiz.de/10009220102
Suppose it is possible to make approximate interpersonal comparisons of welfare gains and losses. Thus, if w, x, y, and z are personal psychophysical states (each encoding all ethically relevant information about the physical and mental state of a person), then it sometimes possible to say,...
Persistent link: https://www.econbiz.de/10009226947
The Clarke pivotal mechanism is inappropriate for nonpecuniary public goods, because the assumption of quasilinear utility is invalid, and because the mechanism gives disproportionate influence to wealthier voters. But by introducing a `stochastic' Clarke tax, we can convert any separable...
Persistent link: https://www.econbiz.de/10009359924
We define an intergenerational social welfare function Sigma from |R^|N (the set of all infinite-horizon utility streams) into *|R (the ordered field of hyperreal numbers). The function Sigma is continuous, linear, and increasing, and is well-defined even on unbounded (e.g. exponentially...
Persistent link: https://www.econbiz.de/10005787007
`Relative Utilitarianism' (RU) is a version of classical utilitarianism, where each person's utility function is rescaled to range from zero to one. As a voting system, RU is vulnerable to preference exaggeration by strategic voters. The Groves-Clarke Pivotal Mechanism elicits truthful...
Persistent link: https://www.econbiz.de/10005835800
The Clarke Pivotal Voting Mechanism (CPVM) elicits truthful revelation of utility functions by requiring any `pivotal' voter to pay a monetary `Clarke tax'. This neglects wealth effects and gives disproportionate power to rich voters. We propose to replace the `Clarke tax' with a lottery,...
Persistent link: https://www.econbiz.de/10005837534
Some social choice models assume that precise interpersonal comparisons of utility (either ordinal or cardinal) are possible, allowing a rich theory of distributive justice. Other models assume that absolutely no interpersonal comparisons are possible, or even meaningful; hence all...
Persistent link: https://www.econbiz.de/10005103411
Given a set of propositions with unknown truth values, a `judgement aggregation rule' is a way to aggregate the personal truth-valuations of a set of jurors into some `collective' truth valuation. We introduce the class of `quasimajoritarian' judgement aggregation rules, which includes majority...
Persistent link: https://www.econbiz.de/10005616992