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I examine the connection between the discursive dilemma and corporate law. The discursive dilemma (or doctrinal paradox) is a distinctive social choice problem that was first identified by Kornhauser and Sager and later used as the basis for a theory of organizational personality by Pettit. I...
Persistent link: https://www.econbiz.de/10005581971
We prove here the existence of a value (of norm 1) on the spaces 'NA and even 'AN, the closure in the variation distance of the linear space spanned by all games f o \mu, where \mu is a non-atomic, non-negative finitely additive measure of mass 1 and f a real-valued function on [0, 1] which...
Persistent link: https://www.econbiz.de/10005585331
Alienation to politics weakens political competition and can undermine the acceptance and legitimacy of democracy as a political system. Governance and representation problems at the local level cause part of citizens’ lack of power and political alienation. Citizens have local power if they...
Persistent link: https://www.econbiz.de/10005585649
The paper investigates the sources and efficiency of the existing ranking of professional partnerships or research groups into upper and lower tiers.
Persistent link: https://www.econbiz.de/10005587738
Function g selects exactly k alternatives as a function of the preferences of n individuals. It cannot be manipulated by any individual, assuming that an individual prefers set A to B whenever A can be obtained from B by eliminating some alternatives and replacing each with a preferred...
Persistent link: https://www.econbiz.de/10005588170
The set of alternatives is infinite. If social welfare function f satisfies the Pareto criterion and there is a positive number β such that each pair of alternatives can be socially ordered without having to consult individual preference over a set with more than β alternatives then there are...
Persistent link: https://www.econbiz.de/10005588173
For four alternatives and an even number of individuals, we prove a conjecture in a companion paper: It is impossible for a social choice rule to satisfy all of (1) Pareto, (2) anonymity, (3) full domain, and (4) independence of some alternative, a relaxation of ArrowÕs IIA.
Persistent link: https://www.econbiz.de/10005588176
For a finite number of alternatives, in the presence of Pareto, non-dictatorship, full domain, and transitivity, an extremely weak independence condition is incompatible with each of anonymity and neutrality (Campbell and Kelly [2006]). This paper explores how those results are affected when...
Persistent link: https://www.econbiz.de/10005588182
In a seminal paper relating economic and game theoretic structures, Shapley and Shubik (1969) demonstrate that a game is a market game -- that is, a game derived from a finite-dimensional private goods exchange economy where all participants have continuous, concave utility functions. In this...
Persistent link: https://www.econbiz.de/10005595931
We prove the existence of a social choice function implementable via backward induction which always selects within the ultimate uncovered set. Whereas the uncovered set is the set of maximal elements of the covering relation, the ultimate uncovered set is the set obtained by iterative...
Persistent link: https://www.econbiz.de/10005596559