Showing 1 - 7 of 7
An <i>uncovered bargaining solution</i> is a bargaining solution for which there exists a complete and strict relation (tournament) such that, for each feasible set, the bargaining solution set coincides with the uncovered set of the tournament. We provide a characterization of a class of uncovered...
Persistent link: https://www.econbiz.de/10004976635
This paper extends the analysis of liberal principles in social choice recently proposed by Mariotti and Veneziani (2009a) to infinitely-lived societies. First, a novel characterisation of the inegalitarian leximax social welfare relation is provided based on the Individual Benefit Principle,...
Persistent link: https://www.econbiz.de/10004998427
This paper analyses Rawls's celebrated difference principle, and its lexicographic extension, in societies with a finite and an infinite number of agents. A unified framework of analysis is set up, which allows one to characterise Rawlsian egalitarian principles by means of a weaker version of a...
Persistent link: https://www.econbiz.de/10004998428
A multi-valued choice is weak justified if no chosen alternative is dominated by any other obtainable alternative, and for each discarded alternative there is <i>some</i> chosen alternative which dominates it. This definition allows us to build a connection between the behavioral property expressed by...
Persistent link: https://www.econbiz.de/10005106311
We provide three alternative characterizations of the proportional solution defined on <i>compact</i> and <i>comprehensive</i> bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another...
Persistent link: https://www.econbiz.de/10005106374
I study necessary and sufficient conditions for a choice function to be rationalised in the following sense: there exists a complete asymmetric relation <i>T</i> (a <i>tournament</i>) such that for each feasible (finite) choice situation, the choice coincides with the uncovered set of <i>T</i>. This notion of...
Persistent link: https://www.econbiz.de/10005106421
A reason-based choice correspondence rationalizes choice behaviour in terms of a two-stage choice procedure. Given a feasible set <i>S</i>, the individual eliminates from it all of the dominated alternatives according to her fixed (not necessarily complete) strict preference relation, in the first...
Persistent link: https://www.econbiz.de/10005106424