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I consider an extension of the Borda count to the case when individuals can have weak preferences, and I show that it satisfies several normatively appealing axioms. The first axiom is an extension to the case of weak preferences of the Modified Independence of Irrelevant Alternatives axiom...
Persistent link: https://www.econbiz.de/10012417574
Many aspects of social welfare are intrinsically multidimensional. Composite indices at-tempting to reduce this complexity to a unique measure abound in many areas of economics and public policy. Comparisons based on such measures depend, sometimes critically, on how the different dimensions of...
Persistent link: https://www.econbiz.de/10009737735
We analyse the redistribution of a resource among agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of...
Persistent link: https://www.econbiz.de/10008840051
(intergenerational equity), using a common framework generalizing the discounted expected utilitarianism approach. We propose a general …
Persistent link: https://www.econbiz.de/10011622070
A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...
Persistent link: https://www.econbiz.de/10011603226
We consider the problem of how societies should be partitioned into classes if individuals express their views about who should be put with whom in the same class. A non-bossiness condition makes the social aggregator dependent only on those cells of the individual partitions the society members...
Persistent link: https://www.econbiz.de/10008824509
We study hedonic games with heterogeneous player types that reflect her nationality, ethnic background, or skill type. Agents' preferences are dictated by status-seeking where status can be either local or global. The two dimensions of status define the two components of a generalized constant...
Persistent link: https://www.econbiz.de/10008737786
We present an axiomatic approach to the reallocation of water rights among economic sectors. Reallocation may be appropriate when the current schedule of water allocation is considered unfair. Our proposed approach is based on the combination of initial water rights, sectors' claims to water,...
Persistent link: https://www.econbiz.de/10008840028
theory. -- Climate change negotiations ; cooperative games ; stable coalitions ; selfenforcing mechanism …
Persistent link: https://www.econbiz.de/10009535614
We investigate the ways in which a linear order on a finite set A can be consistently extended to a linear order on a set Pk(A) of multisets on A of fixed cardinality k. We show that for card(A) = 3 all linear orders on Pk(A) are additive and classify them by means of Farey fractions. For...
Persistent link: https://www.econbiz.de/10011597611