This paper is really a technical remark on a paper by Diamantaras and Thomas (1990). In that paper, the no-envy concept due to Foley (1967) was refined to accommodate some kind of a radial no-envy comparison, inspired by Chaudhurai (1986). Simply put, each person compares his/her own consumption...

The purpose of this paper is to prove by induction the theorem (in Aizerman and Malishevski [1981]) that a choice function which satisfies Chernoffs axiom and Outcasting can always by expressed as the union of the solution sets of a finite number of maximization problems. In this paper we also...

In this paper we establish that main solutions to bargaining problems display a resource monoticity property in bilateral monopoly situations when preferences exhibit consumption externalities. Suitable assumptions are invoked to establish the results.

In much of the applied welfare economics, one finds the recurrent use of utilitarian objective functions, in arriving at social decisions. Apart from being completely insensitive to distributional issues, the utilitarian rule does not make single valued choices. The purpose of this paper is to...

An earlier draft of this paper was presented at a workshop on ‘Dynamic Systems and Contro’ held at IIM (Ahmedabad) in November (1991). I would like to thank the participants of the workshop for their comments. I would also like to thank Prof. William Thomson for encouraging comments on...

The general problem we are interested in this paper is of the following variety: We are given a finite universal set and a linear ordering on it. What is the minimal axiomatic characterization of particular extension of this linear ordering to the set of all non-empty subsets of the given set?...

An abiding problem in choice theory has been one of characterizing those choice function which are obtained as a result of some kind of optimization. Specifically, the endeavour has concentrated largely on finding a binary relation (if there be any) whose best elements coincide with observed...

A Federation Boolean Vote Aggregator allows a finite set of coalitions to unilaterally elect any candidate from a set containing exactly two candidates. There are several special types of Federation Boolean Vote Aggregators, all of which share a property: the candidates are assigned weights, and...

We consider a finite universal set of alternatives and the set of all feasible sets are simply the set of all non-empty subsets of this universal set. A choice function assigns to each feasible set a non-empty subset of it. An interesting problem in such a context is to explore the possibility...

In this paper e present an alternative characterization of the Egalitarian Solution for bargaining problems and show that the Egalitarian solution has the property that for any agent the incremental utility from bargaining is atleast as much as the average incremental utility of all other...