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Arrow's axioms for social welfare functions are shown to be inconsistent when the set of alternatives is the nonnegative orthant in a multidimensional Euclidean space and preferences are assumed to be either the set of analytic classical economic preferences or the set of Euclidean spatial...
Persistent link: https://www.econbiz.de/10005034031
We develop a definition of equilibrium for agenda formation in general voting settings. The definition is independent of any protocol. We show that the set of equilibrium outcomes for any Pareto efficient voting rule is uniquely determined, and in fact coincides with that of the outcomes...
Persistent link: https://www.econbiz.de/10005753011
This article surveys the literature that investigates the consistency of Arrow's social choice axioms when his unrestricted domain assumptions are replaced by domain conditions that incorporate the restrictions on agendas and preferences encountered in economic environments. Both social welfare...
Persistent link: https://www.econbiz.de/10005595941
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
Persistent link: https://www.econbiz.de/10010596789
We analyze and evaluate the different decision rules describing the Council of Ministers of the EU starting from 1958 up to date. All the existing studies use the Banzhaf index (for binary voting) or the Shapley-Shubik index (for distributive politics). We argue that the nucleolus can be...
Persistent link: https://www.econbiz.de/10008916026
[fre] Cet article fournit un tableau complet de l'état actuel de la théorie de l'« agence commune » en information complète qui étudie les situations dans les­quelles un Agent unique ( le « mandataire ») choisit une action (éventuellement pluridimensionnelle) qui affecte la fonction de...
Persistent link: https://www.econbiz.de/10008620757
We study the distribution of a fixed amount of "favors" by an incumbent politician between two pressure groups, each of them offering to the agent a campaign contribution contingent on the quantity of "favors" received. Assuming that the total amount supplied is a private information of the...
Persistent link: https://www.econbiz.de/10009149999
In this article we use the theory of power indices to evaluate the respective influence of the two classes of electors in the polling method introduced by the electoral law of 29 June 1820, known as the law of ?double vote?. We show in a simplified framework that the voting power of the ?major?...
Persistent link: https://www.econbiz.de/10011187891
The authors consider strategyproof social choice functions defined over product domains. If preferences are strict orderings and separable, then strategyproof social choice functions must be decomposable provided that the domain of preferences is rich. The authors provide several applications of...
Persistent link: https://www.econbiz.de/10005231444