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of two conditions, monotonicity and reshuffling invariance, that are always necessary, but not always sufficient for …
Persistent link: https://www.econbiz.de/10011049708
neutrality, anonymity, and monotonicity imply majority rule when the agenda is a two-element set. …
Persistent link: https://www.econbiz.de/10010603133
monotonicity axiom which requires that the collective preference become more rational when the individual preferences become more … monotonicity axiom and the other standard assumptions introduced by Arrow (1963): unrestricted domain, weak Pareto, independence of …
Persistent link: https://www.econbiz.de/10010672255
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012876028
individual monotonicity is equivalent to monotonicity, a necessary condition for Nash implementation. The result shows an …
Persistent link: https://www.econbiz.de/10005773327
Voting procedures are known to be plagued with a variety of difficulties such as strategic voting, or where a voter is rewarded with a better election outcome by not voting, or where a winning candidate can lose by receiving more support. Once we know that these problems can occur, the next...
Persistent link: https://www.econbiz.de/10005370860
various families of rules represented by systems of powers. In particular, we show that a rule satisfies monotonicity …
Persistent link: https://www.econbiz.de/10005115541
various families of rules represented by systems of powers. Critical axioms are monotonicity, independence, and symmetric …
Persistent link: https://www.econbiz.de/10005739762
and global monotonicity of power indices are introduced. Shapley-Shubik, Banzhaf-Coleman, and Holler-Packel indices are … analyzed and it is proved that while Shapley-Shubik index satisfies both local and global monotonicity property, Banzhaf …-Coleman satisfies only local monotonicity without being globally monotonic and Holler-Packel index satisfies neither local nor global …
Persistent link: https://www.econbiz.de/10005704167
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012602309