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Eliaz (2004) has established a "meta-theorem" for preference aggregation which implies both Arrow's Theorem (1963) and … preference aggregation is the mutual exclusiveness of Pareto optimality, individual responsiveness (preference reversal) and non …-dictatorship.Recent work on judgment aggregation has obtained important generalizations of both Arrow's Theorem (List and Pettit 2003, Dietrich …
Persistent link: https://www.econbiz.de/10009452556
]. The paper first proposes a unified framework for the analysis of the relation between various aggregation problems and the …
Persistent link: https://www.econbiz.de/10009452493
The theory of Boolean algebras can be fruitfully applied to judgment aggregation: Assuming universality, systematicity …
Persistent link: https://www.econbiz.de/10009452494
This paper explores the differences that can exist between individual and aggregate loss guarantees in an environment where guarantees are only provided at an aggregate level. The focus is on understanding which traffic parameters are responsible for inducing possible deviations and to what...
Persistent link: https://www.econbiz.de/10009439223
as to the acceptability of spatial aggregation in hedonic property value models. Both statistical tests and tests based … upon prediction errors are performed in order to identify the circumstances under which aggregation is statistically … importance of specification and functional form as determinants of both the acceptability of aggregation and predictive power …
Persistent link: https://www.econbiz.de/10009431197
In this paper we show that value-added mark-ups tend to be pro-cyclical in manufacturing and counter-cyclical in market services. However, at the sectoral level value-added mark-ups may be misinterpreted if intermediate input variations are ignored. This is particularly true in the case of the...
Persistent link: https://www.econbiz.de/10012530066
generated by aggregation ratherthan derived from stable individual preferences. …
Persistent link: https://www.econbiz.de/10009444758