Showing 1 - 10 of 13,271
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 … there exist nondictatorial aggregation functions of convex risk measures satisfying Arrow-type rationality axioms (weak …'s impossibility theorem for finite electorates. For infinite electorates, the possibility of rational aggregation depends on a uniform …
Persistent link: https://www.econbiz.de/10010272587
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
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
The relationship between propositional model theory and social decision making via premise-based procedures is explored …-respecting, systematic judgment aggregation functions is established. The proof constructs an ultraproduct of profiles, viewed as … other properties of such judgment aggregation functions, in particular sovereignty and monotonicity, as well as an …
Persistent link: https://www.econbiz.de/10010272601
This paper continues Dietrich and List's [2010] work on propositional-attitude aggregation theory, which is a … generalised unification of the judgment-aggregation and probabilistic opinion-pooling literatures. We first propose an algebraic … framework for an analysis of (many-valued) propositional-attitude aggregation problems. Then we shall show that systematic …
Persistent link: https://www.econbiz.de/10010319999
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
We characterize the preference domains on which the Borda count satisfies Arrow's ``independence of irrelevant alternatives" condition. Under a weak richness condition, these domains are obtained by fixing one preference ordering and including all its cyclic permutations (``Condorcet cycles")....
Persistent link: https://www.econbiz.de/10010263085
This paper studies the possibility of strategy-proof rules yielding satisfactory solutions to matching problems. Alcalde and Barberá (1994) show that effcient and individually rational matching rules are manipulable in the one-to-one matching model. We pursue the possibility of strategy-proof...
Persistent link: https://www.econbiz.de/10010332209
In this paper we provide two simple new versions of Arrow's impossibility theorem, in a model with only one preference profile. Both versions are transparent, requiring minimal mathematical sophistication. The first version assumes there are only two people in society, whose preferences are...
Persistent link: https://www.econbiz.de/10010284084