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We consider a social choice problem in various economic environments consisting of n individuals, 4\leqn+\infty, each of which is supposed to have classical preferences. A social choice rule is a function associating with each profile of individual preferences a social preference that is assumed...
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We axiomatize the Kalai-Smorodinsky solution (1975) in the Nash bargaining problems if the feasible sets can be finite. We show that the Kalai-Smorodinsky solution is the unique solution satisfying Continuity (in the Hausdorff topology endowed with payoffs space), Independence (which is weaker...
Persistent link: https://www.econbiz.de/10005752934
A binary relation is indifference-transitive if its symmetric part satisfies the transitivity axiom. We investigated the properties of Arrovian aggregation rules that generate acyclic and indifference-transitive social preferences. We proved that there exists unique vetoer in the rule if the...
Persistent link: https://www.econbiz.de/10010634373
We investigate the implications of relaxing Arrow's independence of irrelevant alternatives axiom while retaining transitivity and the Pareto condition. Even a small relaxation opens a floodgate of possibilities for nondictatorial and efficient social choice.
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A social welfare function is Arrovian if it is transitive-valued and satisfies IIA. We examine the logical relation between the statements (A) If f is Arrovian with domain F then it is dictatorial if it satisfies the Pareto criterion and (W) If f is Arrovian with domain F then it is dictatorial...
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For social choice rules that can select either one or two alternatives, strategy-proofness is incompatible with a weak Condorcet principle.
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