Showing 1 - 10 of 12,603
Eliaz (2004) has established a 'meta-theorem' for preference aggregation which implies both Arrow's Theorem (1963) and … preference aggregation is the mutual exclusiveness of Pareto optimality, individual responsiveness (preference reversal) and non …-dictatorship. Recent work on judgment aggregation has obtained important generalizations of both Arrow's Theorem (List and Pettit 2003 …
Persistent link: https://www.econbiz.de/10010272553
It is well known that the literature on judgment aggregation inherits the impossibility results from the aggregation of … preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on … with free ultrafilters in the literature on aggregation problems is however, the arbitrariness of their selection combined …
Persistent link: https://www.econbiz.de/10010272584
theorem and Fishburn's possibility theorem. The proof methodology is based on a model-theoretic approach to aggregation theory …This paper studies collective decision making with regard to convex risk measures: It addresses the question whether … there exist nondictatorial aggregation functions of convex risk measures satisfying Arrow-type rationality axioms (weak …
Persistent link: https://www.econbiz.de/10010272587
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/10010272588
This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972 …]. The paper first proposes a unified framework for the analysis of the relation between various aggregation problems and the … social structure they induce, based on first-order predicate logic and model theory. Thereafter, aggregators satisfying Arrow …
Persistent link: https://www.econbiz.de/10010272607
We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...
Persistent link: https://www.econbiz.de/10010293520
We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...
Persistent link: https://www.econbiz.de/10010289012
grouped instead of individual Decision Making Units (DMU). The bias results due to the differences of the grouped DMUs …
Persistent link: https://www.econbiz.de/10010297112
A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to the precise details of individual choice...
Persistent link: https://www.econbiz.de/10010298577
A large market economy has a huge number of degrees of freedom with weak microlevel coordination. The 'implicit microfoundations' approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared to the precise details of individual choice...
Persistent link: https://www.econbiz.de/10010298637