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), accepted in 1892 at the University of Copenhagen, Heckscher dealt with numerous issues related to voting, especially those …-cycles, differences between Condorcet-effective rules and the Borda rule, strategic voting, the influence of the voting order under the … parliamentary voting rules, the likelihood of single-peaked preference profiles, and the problems created by non …
Persistent link: https://www.econbiz.de/10010988019
Decision-making is becoming increasingly complex as the number of stakeholders rises,the number of decision … framework is growing increasingly complex.Decision-making is caught between the need to thoroughly document and substantiate a … thecomplexity of the decision-making process increases, on the other hand. The present paper sought topresent critically the main …
Persistent link: https://www.econbiz.de/10009150890
The paper tries to clarify the status of the market in Social Choice and Individual Values. It shows how Arrow at first intended to propose a third theorem of welfare economics (Feldman [1991]), which would show that the market achieves not only Pareto-optimality, but also equitable social...
Persistent link: https://www.econbiz.de/10010787025
This paper identifies and illuminates a common impossibility principle underlying a number of impossibility theorems in social choice. We consider social choice correspondences assigning a choice set to each non-empty subset of social alternatives. Three simple axioms are imposed as follows:...
Persistent link: https://www.econbiz.de/10010993595
Ordered conflict resolution: understanding her tenets cost Keynes his life and Arrow to live under extortionate threat. Now that the Supreme Court of the United States has conquered the Informal Capital Market Cartel’s stranglehold on academic freedom, the literature can now vindicate...
Persistent link: https://www.econbiz.de/10008503570
We conduct an experiment to investigate (i) whether rotation in voting increases a committee's efficiency, and (ii) the … scheme has important consequences: it 'pays' to be allowed to vote, as voting committee members earn significantly more than … non-voting members. Hence, rotation is not neutral. We also find that smaller committees decide faster and block fewer …
Persistent link: https://www.econbiz.de/10009320228
Economic policy depends not only on national elections but also on coalition bargaining strategies. In coalition government, minority parties bargain on policy and form a majority coalition, and select a Prime Minister from their mids. In Holland the latter is done conventionally with Plurality,...
Persistent link: https://www.econbiz.de/10011112692
Economic policy depends not only on national elections but also on coalition bargaining strategies. In coalition government, minority parties bargain on policy and form a majority coalition, and select a Prime Minister from their mids. In Holland the latter is done conventionally with Plurality,...
Persistent link: https://www.econbiz.de/10008530713
In their seminal work, The Calculus of Consent (1962), Buchanan and Tullock develop a decision model which embodies …
Persistent link: https://www.econbiz.de/10011257880
would permit the integration of the decision-making processes of voters, parties and governments with those of consumers and …
Persistent link: https://www.econbiz.de/10005605269