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We investigate the ways in which a linear order on a finite set A can be consistently extended to a linear order on a set Pk(A) of multisets on A of fixed cardinality k. We show that for card(A) = 3 all linear orders on Pk(A) are additive and classify them by means of Farey fractions. For...
Persistent link: https://www.econbiz.de/10011597611
We consider the allotment problems of homogeneous indivisible objects among agents with single-peaked and risk-averse von Neumann-Morgenstern expected utility functions. We establish that the rule satisfies coalitional strategy-proofness, same-sideness, and strong symmetry if and only if it is...
Persistent link: https://www.econbiz.de/10003490404
Cerreia-Vioglio, Ghirardato, Maccheroni, Marinacci and Siniscalchi (Economic Theory, 48:341-375, 2011) have recently proposed a very general axiomatisation of preferences in the presence of ambiguity, viz. Monotonic Bernoullian Archimedean (MBA) preference orderings. This paper investigates the...
Persistent link: https://www.econbiz.de/10010187944
We consider the allotment problem of homogeneous indivisible goods among agents with single-peaked and risk-averse von Neumann-Morgenstern expected utility functions. We establish that a rule satisfies coalitional strategy-proofness, same-sideness, and strong symmetry if and only if it is the...
Persistent link: https://www.econbiz.de/10014050225
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