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We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
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We investigate how individuals think groups should aggregate members' ordinal preferences - that is, how they interpret "the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently...
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Introduction -- Elementary Logic -- Sets, Relations, Functions -- Binary Relations -- Social Choice Theoretic Framework and Arrow Impossibility Theorem -- Some Important Value-Judgments, Rules and Theorems -- Implications of Weakening of Some of Arrow Conditions -- The Method of Majority...
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Strong growth in disposable income has inflated consumption to unprecedented, but not sustainable levels. In this … individual welfare would be directly affected by policy measures designed to make consumption sustainable. Such policy measures … pay attention to both direct and indirect welfare effects. As a concrete proposal a redesign of consumption taxes is …
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