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We provide an axiomatization of expected equally-distributed equivalent-utility social welfare functions in the context of Harsanyiʼs impartial observer theorem. For this family of social welfare functions, we show what additional axiom is necessary and sufficient for the observer to exhibit...
Persistent link: https://www.econbiz.de/10011042954
We provide an axiomatization of an additively separable social welfare function in the context of Harsanyi’s impartial observer theorem. To do this, we reformulate Harsanyi’s setting to make the lotteries over the identities the observer may assume independent of the social alternative....
Persistent link: https://www.econbiz.de/10010600775
We examine the implications for social choice of individuals having an intrinsic sense of fairness. Taking the viewpoint that social justice reflects the moral attitudes of the constituent members, we analyze the effect of the intensity of the individual sense of fairness on university admission...
Persistent link: https://www.econbiz.de/10010293452
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Shapley proved the existence of an ordinal, symmetric and efficient solution for three-player bargaining problems. Ordinality refers to the covariance of the solution with respect to order-preserving transformations of utilities. The construction of this solution is based on a special feature of...
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In this paper we extend Harsanyi's impartial observer theorem by showing that the large domain of social lotteries can be significantly restricted – it is sufficient that the domain consists only of constant extended lotteries. Copyright Springer-Verlag Berlin Heidelberg 2003
Persistent link: https://www.econbiz.de/10005369238
We present an axiomatic model depicting the choice behavior of a self-interest seeking moral individual over random allocation procedures. Individual preferences are decomposed into a self-interest component and a component representing the individual's moral value judgment. Each component has a...
Persistent link: https://www.econbiz.de/10005129905
This paper questions the interpretation of the Nash bargaining solution. A new definition is suggested. Revisions of Nash axioms characterize the solution. The definition makes possible its extension to non-expected-utility preferences. It also reveals the logic behind the comparative statics of...
Persistent link: https://www.econbiz.de/10005130078
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