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of two conditions, monotonicity and reshuffling invariance, that are always necessary, but not always sufficient for …
Persistent link: https://www.econbiz.de/10011049708
Voting procedures are known to be plagued with a variety of difficulties such as strategic voting, or where a voter is rewarded with a better election outcome by not voting, or where a winning candidate can lose by receiving more support. Once we know that these problems can occur, the next...
Persistent link: https://www.econbiz.de/10005370860
We are concerned with the problem of aggregating infinite utility streams and the possible adoption of consequentialist equity principles when using numerical evaluations of the streams. We find a virtually universal incompatibility between the Basu-Mitra approach (that advocates for social...
Persistent link: https://www.econbiz.de/10009323234
monotonicity axiom which requires that the collective preference become more rational when the individual preferences become more … monotonicity axiom and the other standard assumptions introduced by Arrow (1963): unrestricted domain, weak Pareto, independence of …
Persistent link: https://www.econbiz.de/10010672255
and global monotonicity of power indices are introduced. Shapley-Shubik, Banzhaf-Coleman, and Holler-Packel indices are … analyzed and it is proved that while Shapley-Shubik index satisfies both local and global monotonicity property, Banzhaf …-Coleman satisfies only local monotonicity without being globally monotonic and Holler-Packel index satisfies neither local nor global …
Persistent link: https://www.econbiz.de/10005704167
Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions...
Persistent link: https://www.econbiz.de/10005753065
Consider a problem of sharing a fixed amount of input (for example, pollution permits) among a group of agents who own technologies which transform an input good into an output good and who are interested in their shares of output only. A solution assigns each profile of technologies a pair of...
Persistent link: https://www.econbiz.de/10005753071
becasue the essence of the social choice problem, such as Condorcet triples, rules out monotonicity. …
Persistent link: https://www.econbiz.de/10005619515
neutrality, anonymity, and monotonicity imply majority rule when the agenda is a two-element set. …
Persistent link: https://www.econbiz.de/10010603133
We observe that three salient solutions to matching, division and house allocation problems are not only (partially) strategy-proof, but (partially) group strategy-proof as well, in appropriate domains of definition. That is the case for the Gale-Shapley mechanism, the uniform rule and the top...
Persistent link: https://www.econbiz.de/10010851415