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In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure … of the second procedure is the set of all individuals who define themselves as members of the social group. Both …
Persistent link: https://www.econbiz.de/10005002274
corresponding initial set, and continue inductively until there is no possibility of expansion any more. -- Consensus ; Liberalism …In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure … of the second procedure is the set of all individuals who define themselves as members of the social group. Both …
Persistent link: https://www.econbiz.de/10003731221
In this paper we axiomatically characterize two recursive procedures for defining a social group. The first procedure … second procedure is the set of all individuals who are defined by everyone in the society as group members. Both procedures …
Persistent link: https://www.econbiz.de/10014071563
The paper compares the Sen's paradox on the Paretian liberal (1970) and the standard version of the Coase theorem (1960). The comparison of the two theorems is somehow puzzling: If we accept Sen then we have to forget Coase and vice-versa. Following the analysis of Hillinger and Lapham (1971),...
Persistent link: https://www.econbiz.de/10014103775
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a productive state. At heart of...
Persistent link: https://www.econbiz.de/10010286454
This paper provides a conceptual framework on fair collective choice rules that synthesizes the studies of Goldman and Sussangkarn (1978) and Suzumura (1981) on the one hand and Tadenuma (2002, 2005) on the other. We show that both frameworks have the following binary relation as a common...
Persistent link: https://www.econbiz.de/10010290399
This paper considers the object allocation problem introduced by Shapley and Scarf (1974). We study secure implementation (Saijo, Sjöström, and Yamato, 2007), that is, double implementation in dominant strategy and Nash equilibria. We prove that (i) an individually rational solution is...
Persistent link: https://www.econbiz.de/10003819988
We analyse the redistribution of a resource among agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of...
Persistent link: https://www.econbiz.de/10008840051
This paper studies the application of the notion of secure implementation (Cason, Saijo, Sj¨ostr¨om, and Yamato, 2006; Saijo, Sj¨ostr¨om, and Yamato, 2007) to the problem of allocating indivisible objects with monetary transfers. We propose a new domain-richness condition, termed as minimal...
Persistent link: https://www.econbiz.de/10003556299
Unanimous voting as the fundamental procedural source of political legitimacy grants veto power to each individual. We present an axiomatic characterization of a class of bidding processes to spell out the underlying egalitarian values for collective projects of a "productive state". At heart of...
Persistent link: https://www.econbiz.de/10008990916