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An impossibility result for completely abstract social aggregation rules is presented. It is shown that non-imposition and a new no-veto property (two properties in the spirit of the Pareto principle and non-dictatorship respectively) are incompatible with an inter-profile consistency condition...
Persistent link: https://www.econbiz.de/10005678326
The problem of how to rationally aggregate probability measures occurs in particular (i) when a group of agents, each holding probabilistic beliefs, needs to rationalise a collective decision on the basis of a single ‘aggregate belief system’ and (ii) when an individual whose belief system...
Persistent link: https://www.econbiz.de/10011154918