Showing 1 - 10 of 2,573
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to do with different individuals' having different attitudes toward risk. Both these objections can be accommodated if we drop the reduction axiom; in particular, if we...
Persistent link: https://www.econbiz.de/10001763119
The Pareto dominance relation is shown to be the unique nontrivial partial order on the set of finite-dimensional real vectors satisfying a number of intuitive properties. -- Pareto dominance ; characterization
Persistent link: https://www.econbiz.de/10001638188
We consider the problem of allocating multiple units of an indivisible object among a set of agents and collecting payments. Each agent can receive multiple units of the object, and has a (possibly) non-quasi-linear preference on the set of (consumption) bundles. We assume that preferences...
Persistent link: https://www.econbiz.de/10012880250
Building on Rawls' theory of justice and Sen's theory of capabilities, I present an outline of social justice under climate shocks, illustrating it with the experiences of persons with disability. Social justice holds when inequality is responded to by rules that afford more primary goods, such...
Persistent link: https://www.econbiz.de/10013549974
A collective decision problem is described by a set of agents, a profile of single-peaked preferences over the real line and a number k of public facilities to be located. We consider public facilities that do not suffer from congestion and are non-excludable. We provide a characterization of...
Persistent link: https://www.econbiz.de/10003923378
Various extensions of the leximin order to the infinite dimensional setting have been suggested. They relax completeness and strong anonymity. Instead, by removing sensitivity to generations at infinite rank this paper defines a complete and strongly anonymous leximin relation on infinite...
Persistent link: https://www.econbiz.de/10009301142
A long time ago most economists would have limited themselves to stating that agreements should be individually rational and efficient and that selecting a specific agreement from that set depends on bargaining and negotiation power whatever that may be. Nowadays hardly any economist will argue...
Persistent link: https://www.econbiz.de/10008989998
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...
Persistent link: https://www.econbiz.de/10008990916
Different evaluators typically disagree how to rank different candidates since they care more or less for the various qualities of the candidates. It is assumed that all evaluators submit vector bids assigning a monetary bid for each possible rank order. The rules must specify for all possible...
Persistent link: https://www.econbiz.de/10008991294
The paper axiomatizes a freedom measure based on the idea that an agent is free if she can causally influence relevant aspects of her life. To model this, causal networks are employed. It is shown that the measure is a generalization of several opportunity set based measures. The measure solves...
Persistent link: https://www.econbiz.de/10009247435