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The paper proves the following result: every path-connected domain of preferences that admits a strategy-proof, unanimous, tops-only random social choice function satisfying a compromise property, is single-peaked. Conversely, every single-peaked domain admits a random social choice function...
Persistent link: https://www.econbiz.de/10010929727
A domain of preference orderings is a random dictatorship domain if every strategy- proof random social choice function satisfying unanimity dened on the domain, is a random dictatorship. Gibbard (1977) showed that the universal domain is a random dictatorship domain. We investigate the...
Persistent link: https://www.econbiz.de/10010553740
In this paper, we investigate domains which admit "well-behaved", strategy-proof social choice functions. We show that if the number of voters is even, then every domain that satisfies a richness condition and admits an anonymous, tops-only, unanimous and strategy-proof social choice function,...
Persistent link: https://www.econbiz.de/10008520462
In this paper we consider the standard voting model with a finite set of alternatives A and n voters and address the following question: what are the characteristics of domains D that induce the property that every strategy-proof social choice function f : Dn ! A satisfying unanimity, has the...
Persistent link: https://www.econbiz.de/10004995257
We define a solution concept, perfectly contracted equilibrium, for an intertempo- ral exchange economy where agents are simultaneously price takers in spot commod- ity markets while engaging in ecient, non-Walrasian contracting over future prices. Without requiring that agents have perfect...
Persistent link: https://www.econbiz.de/10010599776