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A general collective decision problem is analysed. It consists in many issues that are interconnected in two ways: by mutual constraints and by connections of relevance. The goal is to decide on the issues by respecting the mutual constraints and by aggregating in accordance with an...
Persistent link: https://www.econbiz.de/10011199132
A game form constitutionally implements a social choice correspondence if it implements it in Nash equilibrium and, moreover, the associated effectivity functions coincide. This paper presents necessary and sufficient conditions for a unanimous social choice correspondence to be constitutionally...
Persistent link: https://www.econbiz.de/10011199141
This paper is concerned with the minimal number of profiles at which a unanimous and anonymous social choice function is manipulable. The lower bound is derived when there are three alternatives to choose from. Examples of social choice functions attaining the lower bound are given. We...
Persistent link: https://www.econbiz.de/10011199146
This paper is concerned with the number of profiles at which a nondictatorial social choice function is manipulable. For three or more alternatives the lower bound is derived when the social choice function is nondictatorial and unanimous. In the case of three alternatives the lower bound is...
Persistent link: https://www.econbiz.de/10011200243
In one-dimensional environments with single-peaked preferences we consider social welfare functions satisfying Arrow''s requirements, i.e. weak Pareto and independence of irrelevant alternatives. When the policy space is a one-dimensional continuum such a welfare function is determined by a...
Persistent link: https://www.econbiz.de/10011201999
In this paper, we consider a two-stage (sequential) game as introduced by Vickers (1985),Fershtman (1985), Fershtman and Judd (1987) and Sklivas (1987). This game models the situation where the owners of competing firms manipulate their managers'' incentive contracts for strategic reasons....
Persistent link: https://www.econbiz.de/10011202074
The paper proposes necessary and sufficient conditions for the natural implementation of(efficient) social choice correspondences (SCCs) in pure finite exchange economies when some ofthe agents are partially honest. A partially honest agent is an agent who strictly prefers to tellthe truth when...
Persistent link: https://www.econbiz.de/10011202080
Condorcet''s famous jury theorem reaches an optimistic conclusion on the correctness of majority decisions, based on two controversial premises about voters: they are competent and vote independently, in a technical sense. I carefully analyse these premises and show that: (i) whether a premise...
Persistent link: https://www.econbiz.de/10011202095
We examine so-called product-games. These are n-player stochatic games played on a product state space S(1)U…S(n), in which player i controls the transitions on S(i). For the general n-player case, we establish the existence of 0-equilibria. In addition, for the case of two-player zero-sum...
Persistent link: https://www.econbiz.de/10011202097
The class of bargaining solutions that are defined on the domain of finite sets of alternatives and satisfy Weak Pareto Optimality (WPO), Independence of Irrelevant Alternatives (IIA) and Covariance (COV), is characterized. These solutions select from the set of maximizers of a nonsymmetric Nash...
Persistent link: https://www.econbiz.de/10011160180