Showing 1 - 8 of 8
This paper studies the topological approach to social choice theory initiated by G. Chichilnisky (1980), extending it to the case of a continuum of agents. The social choice rules are continuous anonymous maps defined on preference spaces which respect unanimity. We establish that a social...
Persistent link: https://www.econbiz.de/10005369389
We characterize games which induce truthful revelation of the players' preferences, either as dominant strategies (straightforward games) or in Nash equilibria. Strategies are statements of individual preferences on Rn. Outcomes are social preferences. Preferences over outcomes are defined by a...
Persistent link: https://www.econbiz.de/10005369399
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This paper establishes a clear connection between equilibrium theory, game theory and social choice theory by showing that, for a well defined social choice problem, a condition which is necessary and sufficient to solve this problem - limited arbitrage - is the same as the condition which is...
Persistent link: https://www.econbiz.de/10005752942
We provide a simple construction of social choice rules for economies with infinite populations. The rules are continuous, Pareto and non-dictatorial; they are constructed as limits of individual preferences when the limit exists, and otherwise as adequate generalizations. This contrasts with...
Persistent link: https://www.econbiz.de/10005596363
This paper studies maps which are invariant under the action of the symmetry group Sk. The problem originates in social choice theory: there are k individuals each with a space of preferences X, and a social choice map : Xk-X which is anonymous i.e. invariant under the action of a group of...
Persistent link: https://www.econbiz.de/10005596368