Showing 1 - 10 of 12
In a model with a continuum of voters with symmetric single-peaked preferences on the one-dimensional unit interval (representing the political spectrum) a voting rule assigns to each profile of votes a point in the interval. We characterize all voting rules that are strategy-proof, anonymous,...
Persistent link: https://www.econbiz.de/10011199133
A game form constitutionally implements a social choice correspondence if it implements it in Nash equilibrium and, moreover, the associated effectivity functions coincide. This paper presents necessary and sufficient conditions for a unanimous social choice correspondence to be constitutionally...
Persistent link: https://www.econbiz.de/10011199141
This paper is concerned with the minimal number of profiles at which a unanimous and anonymous social choice function is manipulable. The lower bound is derived when there are three alternatives to choose from. Examples of social choice functions attaining the lower bound are given. We...
Persistent link: https://www.econbiz.de/10011199146
We compare the manipulability of different choice rules by considering the number of manipulable profiles. We establish the minimal number of such profiles for tops-only, anonymous, and surjective choice rules, and show that this number is attained by unanimity rules with status quo.
Persistent link: https://www.econbiz.de/10011199148
Dynamic exchange economies with uncertainty are considered in which information is released over infinite time. The strong sequential core of such an economy consists of those consumption processes where no coalition of agents wishes to deviate at any moment for the rest of time. Comparable to...
Persistent link: https://www.econbiz.de/10011199155
This paper is concerned with the number of profiles at which a nondictatorial social choice function is manipulable. For three or more alternatives the lower bound is derived when the social choice function is nondictatorial and unanimous. In the case of three alternatives the lower bound is...
Persistent link: https://www.econbiz.de/10011200243
Single-peaked preferences have played an important role in the literature ever since they were used by Black (1948) to formulate a domain restriction that is sufficient for theexclusion of cycles according to the majority rule. In this paper, we approach single-peakedness from a choice-theoretic...
Persistent link: https://www.econbiz.de/10011200248
This paper is concerned with the question of how to define the core when cooperation takes place in a dynamic setting. The focus is on dynamic cooperative games in which the players face a finite sequence of exogenously specified TU-games. Three different core concepts are presented: the...
Persistent link: https://www.econbiz.de/10011200252
In voting problems where agents have well behaved (Lipschitz continuous) utility functions on a multidimensional space of alternatives, a voting rule is threshold strategy-proof if any agent can only obtain a limited utility gain by not voting for a most preferred alternative,given that the...
Persistent link: https://www.econbiz.de/10011200253
In this paper we apply the concept of preference conjecture equilibrium introduced in Perea (2003) to signaling games and show its relation to sequential equilibrium. Furthermore, we introduce the concept of minimum revision equilibrium and show how this can be interpreted as a refinement of...
Persistent link: https://www.econbiz.de/10011202008