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Securely Implementable Social Choice Functions in Divisible and Non-Excludable Public Good Economies with Quasi-Linear Utility Functions
Nishizaki, Katsuhiko - 2016
This paper studies the possibility of secure implementation (Saijo, T., T. Sjöström, and T. Yamato (2007) "Secure Implementation," Theoretical Economics 2, pp. 203-229) in divisible and non-excludable public good economies with quasi-linear utility functions. Although Saijo, Sjöström, and...
Persistent link: https://www.econbiz.de/10013006248
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A representative individual from arrovian aggregation of parametric individual utilities
Herzberg, Frederik - 2009
This article investigates the representative-agent hypothesis for an infinite population which has to make a social choice from a given finite-dimensional space of alternatives. It is assumed that some class of admissible strictly concave utility functions is exogenously given and that each...
Persistent link: https://www.econbiz.de/10003818194
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Social choice of convex risk measures through Arrovian aggregation of variational preferences
Herzberg, Frederik - 2010
theorem and Fishburn's possibility theorem. The proof methodology is based on a model-theoretic approach to aggregation theory … aggregation theory ; variational preferences ; multiple priors preferences ; convex risk measure ; model theory ; first …
Persistent link: https://www.econbiz.de/10008735707
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Impossibility results for infinite-electorate abstract aggregation rules
Herzberg, Frederik; Eckert, Daniel - 2009
. -- Arrow-type preference aggregation ; judgment aggregation ; model theory ; first-order predicate logic ; filter ; ultrafilter …
Persistent link: https://www.econbiz.de/10008736325
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General aggregation problems and social structure : a model-theoretic generalisation of the Kirman-Sondermann correspondence
Herzberg, Frederik; Eckert, Daniel - 2009
This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972 … social structure they induce, based on first-order predicate logic and model theory. Thereafter, aggregators satisfying Arrow …-type preference aggregation ; Judgment aggregation ; Systematicity ; Model theory ; First-order predicate logic ; Filter ; Ultrafilter …
Persistent link: https://www.econbiz.de/10003921381
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Concavity of Utility, Concavity of Welfare, and Redistribution of Income
Kaplow, Louis - 2003
The marginal social value of income redistribution is understood to depend on both the concavity of individuals' utility functions and the concavity of the social welfare function. In the pertinent literatures, notably on optimal income taxation and on normative inequality measurement, it seems...
Persistent link: https://www.econbiz.de/10014074750
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Concavity of Utility, Concavity of Welfare, and Redistribution of Income
Kaplow, Louis - 2003
The marginal social value of income redistribution is understood to depend on both the concavity of individuals' utility functions and the concavity of the social welfare function. In the pertinent literatures, notably on optimal income taxation and on normative inequality measurement, it seems...
Persistent link: https://www.econbiz.de/10014075235
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Interpersonal Comparisons of Utility : An Algebraic Characterization of Projective Preorders and Some Welfare Consequences
Candeal Haro, Juan Carlos; Indurain, E.; Molina, Jose … - 2021
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is an algebra-homomorphism (i.e., it is linear and multiplicative). As an application of this result, we provide an algebraic characterization of the projective (dictatorial)...
Persistent link: https://www.econbiz.de/10013317217
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Extended Gini index
Dubey, Ram Sewak; Laguzzi, Giorgio - 2022
We propose an extended version of Gini index defined on the set of infinite utility streams, $X=Y^\N$ where $Y\subset \R$.For $Y$ containing at most finitely many elements, the index satisfies the generalized Pigou-Dalton transfer principles in addition to the anonymity axiom
Persistent link: https://www.econbiz.de/10013306222
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A complete and strongly anonymous leximin relation on infinite streams
Asheim, Geir B.; Zuber, Stéphane - 2011
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...
Persistent link: https://www.econbiz.de/10009301142