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Metric rationalization of social decision rules has been intensively investigated when the social outcome is a nonempty subset of alternatives. The present paper proposes a similar framework for social welfare functions (SWFs)—that is when each social outcome is a ranking of alternatives. A...
Persistent link: https://www.econbiz.de/10011117955
Arrow’s theorem [1963] states that a social welfare function (SWF) that simultaneously satis.es completeness, transitivity, independence of irrelevant alternatives (IIA) and Pareto principle is necessarily dictatorial in the sense that the social decision on any pair of candidates coincides...
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In this paper, we study values for TU-games which satisfy three classical properties: Linearity, efficiency and symmetry. We give the general analytical form of these values and their relation with the Shapley value and the Egalitarian value.
Persistent link: https://www.econbiz.de/10005182008
In this paper, we study values for TU-games which satisfy three classical properties: Linearity, efficiency and symmetry. We give the general analytical form of these values and their relation with the Shapley value and the Egalitarian value.
Persistent link: https://www.econbiz.de/10010630168
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We characterize binary decision rules which are independent and strongly paretian,or independent and almost strongly paretian when the individual preferences and the collective preference are weak orders.
Persistent link: https://www.econbiz.de/10008562901
A Condorcet social choice procedure elects the candidate that beats every other candidate under simple majority when such a candidate exists. The reinforcement axiom roughly states that given two groups of individuals, if these two groups select the same alternative, then this alternative must...
Persistent link: https://www.econbiz.de/10010848206
It may happen that the favorite candidate of a voter loses an election if that voter votes honestly, but gets elected if the voter abstains. Such a situation is known in the social choice literature under the name of « no-show paradox ». This paper is devoted to the evaluation of the...
Persistent link: https://www.econbiz.de/10010852210