Showing 1 - 10 of 16
A long Utilitarian tradition has the ideal of equal regard for all individuals, both those now living and those yet to be born. The literature formalizes this ideal as asking for a preference relation on the space of infinite utility streams that is complete, transitive, invariant to finite...
Persistent link: https://www.econbiz.de/10011599387
When is a finite number of binary voting choices consistent with the hypothesis that the voter has preferences that admit a (quasi)concave utility representation? I derive necessary and sufficient conditions and a tractable algorithm to verify their validity. I show that the hypothesis that the...
Persistent link: https://www.econbiz.de/10011599425
This paper presents an analysis of the problem of aggregating preference orderings under subjective uncertainty. Individual preferences, or opinions, agree on the ranking of risky prospects, but are quite general because we do not specify the perception of ambiguity or the attitude towards it. A...
Persistent link: https://www.econbiz.de/10011599470
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but...
Persistent link: https://www.econbiz.de/10011599477
We study two-stage choice procedures in which the decision maker first preselects the alternatives whose values according to a criterion pass a menu-dependent threshold, and then maximizes a second criterion to narrow the selection further. This framework overlaps with several existing models...
Persistent link: https://www.econbiz.de/10011599502
This paper presents an infinite-horizon version of intergenerational utilitarianism. By studying discounted utilitarianism as the discount factor tends to one, we obtain a new welfare criterion: limit-discounted utilitarianism (LDU). We show that LDU meets the standard assumptions of efficiency,...
Persistent link: https://www.econbiz.de/10012010018
We study collusion within groups in noncooperative games. The primitives are the preferences of the players, their assignment to nonoverlapping groups, and the goals of the groups. Our notion of collusion is that a group coordinates the play of its members among different incentive compatible...
Persistent link: https://www.econbiz.de/10012010028
Group identification refers to the problem of classifying individuals into groups (e.g., racial or ethnic classification). We consider a multinary group identification model where memberships to three or more groups are simultaneously determined based on individual opinions on who belong to what...
Persistent link: https://www.econbiz.de/10012010076
Sufficientarianism is a prominent approach to distributive justice in political philosophy and in policy analyses. However, it is virtually absent from the formal normative economics literature. We analyse sufficientarianism axiomatically in the context of the allocation of 0-1 normalised...
Persistent link: https://www.econbiz.de/10014536923
We consider collective decision making when society consists of groups endowed with voting weights. Each group chooses an internal rule that specifies the allocation of its weight to alternatives as a function of its members' preferences. Under fairly general conditions, we show that the...
Persistent link: https://www.econbiz.de/10014536980