Showing 1 - 10 of 113
This paper studies the incentive compatibility of solutions to generalized indivisible good allocation problems introduced by Sönmez (1999), which contain the well-known marriage problems (Gale and Shapley, 1962) and the housing markets (Shapley and Scarf, 1974) as special cases. In particular,...
Persistent link: https://www.econbiz.de/10010332338
We model a general choice environment via probabilistic choice correspondences, with (possibly) incomplete domain and infinite universal set of alternatives. We offer a consistency restriction regarding choice when the feasible set contracts. This condition, 'contraction consistency', subsumes...
Persistent link: https://www.econbiz.de/10010269469
We study how an optimal income tax and an optimal public-goods provision rule respond to preference and productivity shocks. A conventional Mirrleesian treatment is shown to provoke manipulations of the policy mechanism by individuals with similar interests. We therefore extend the Mirrleesian...
Persistent link: https://www.econbiz.de/10010270443
It is well known that the literature on judgment aggregation inherits the impossibility results from the aggregation of preferences that it generalises. This is due to the fact that the typical judgment aggregation problem induces an ultrafilter on the the set of individuals, as was shown in a...
Persistent link: https://www.econbiz.de/10010272584
This paper studies collective decision making with regard to convex risk measures: It addresses the question whether there exist nondictatorial aggregation functions of convex risk measures satisfying Arrow-type rationality axioms (weak universality, systematicity, Pareto principle). Herein,...
Persistent link: https://www.econbiz.de/10010272587
The relationship between propositional model theory and social decision making via premise-based procedures is explored. A one-to-one correspondence between ultrafilters on the population set and weakly universal, unanimity-respecting, systematic judgment aggregation functions is established....
Persistent link: https://www.econbiz.de/10010272601
This article proves a very general version of the Kirman-Sondermann [Journal of Economic Theory, 5(2):267-277, 1972] correspondence by extending the methodology of Lauwers and Van Liedekerke [Journal of Mathematical Economics, 24(3):217-237, 1995]. The paper first proposes a unified framework...
Persistent link: https://www.econbiz.de/10010272607
A small committee has to approve/reject a project with uncertain return. Members have different preferences: some are value-maximizers, others are biased towards approval. We focus on the efficient use of scarce information when communication is not guaranteed, and we provide insights on the...
Persistent link: https://www.econbiz.de/10010280845
This paper studies the incentive compatibility of solutions to generalized indivisible good allocation problems introduced by S¨onmez (1999), which contain the well-known marriage problems (Gale and Shapley, 1962) and the housing markets (Shapley and Scarf, 1974) as special cases. In...
Persistent link: https://www.econbiz.de/10003321321
The relationship between propositional model theory and social decision making via premise-based procedures is explored. A one-to-one correspondence between ultrafilters on the population set and weakly universal, unanimity-respecting, systematic judgment aggregation functions is established....
Persistent link: https://www.econbiz.de/10003818237