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A feasible alternative x is a strong Condorcet winner if for every other feasible alternative y there is some majority coalition that prefers x to y. Let <InlineEquation ID="Equ1"> <EquationSource Format="TEX"><![CDATA[${\cal L}_{C}$]]></EquationSource> </InlineEquation> (resp., <InlineEquation ID="Equ2"> <EquationSource Format="TEX"><![CDATA[$\wp_{C})$]]></EquationSource> </InlineEquation> denote the set of all profiles of linear (resp., merely asymmetric) individual preference relations for which a strong Condorcet...</equationsource></inlineequation></equationsource></inlineequation>
Persistent link: https://www.econbiz.de/10005371154
Though some economic environments provide allocation rules that are implementable in dominant strategies (strategy-proof), a significant number of environments yield impossibility results. On the other hand, while there are quite general possibility results regarding implementation in Nash or...
Persistent link: https://www.econbiz.de/10005588386
This paper studies the extensions of the infinte-horizon variants of the leximin principle and utilitarianism on the …-continuity (or Consistency) and the extended anonymity axiom called Q-Anonymity. We formulate new extended leximin and utilitarian … social welfare relations (SWRs), called Q-W-leximin SWR and Q-overtaking criterion respectively, and show that Weak …
Persistent link: https://www.econbiz.de/10005018203
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
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/10008566297
leximin' preorder. …
Persistent link: https://www.econbiz.de/10008646832
In using their citizen candidate framework, Besley and Coate (2001) fi nd that if citizen candidates with sufficiently extreme preferences are available, lobbying has no in fluence on equilibrium policy. I show that this result does not hold in a model with ideological parties instead of citizen...
Persistent link: https://www.econbiz.de/10010986060
We conduct an experiment to examine the role of retribution and deterrence in motivating third party punishment. In particular, we consider how the role of these two motives may differ according to whether a third party is a group or an individual. In a one-shot prisoner’s dilemma game with...
Persistent link: https://www.econbiz.de/10010990327
This paper examines both the strengths and weaknesses of the Group of Twenty (G-20) from the perspective of input and output legitimacy. Notwithstanding some initial successes the constraints with respect to “output” have become more acute. Moreover, the “input” legitimacy of the G-20...
Persistent link: https://www.econbiz.de/10010991110
We s tudy minimum cost spanning tree problems for a given set of users connected to a source. We propose a rule of sharing such that each user may pay her cost for such a tree plus an additional amount to the others users . A reduction of her cost appears as a compensation from the other users....
Persistent link: https://www.econbiz.de/10010991667