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On the difficulty of combining actual and potential criteria for an increase in social welfare

Gravel, Nicolas - In: Economic Theory 17 (2001) 1, pp. 163-180

This paper examines two problems associated with the use of potential Pareto criteria in welfare economics. The first problem is the well-known intransitivity of the compensation criteria Á la Kaldor-Hicks-Scitovsky. The second problem is the possible incompatibility between the...

Persistent link: https://www.econbiz.de/10005596779

On the circularity of the Malmquist productivity index.

Førsund, Finn R. - International Centre for Economic Research (ICER) - 2002

Circularity is a desirable property of a productivity index seldom satisfied in available bilateral indices, such as the Malmquist index. Within a setting of micro units belonging to groups with group-specific frontier technology, the bilateral Malmquist productivity index is investigated. Our...

Persistent link: https://www.econbiz.de/10005577375

Some dissenting views on the transitivity of individual preference.

PONSARD, Claude - Laboratoire d'Économie de Dijon (LEDI), Université de … - 1989

Persistent link: https://www.econbiz.de/10005579162

Rationality and Aggregation of Preferences in an Ordinally Fuzzy Framework.

Barrett, C.R.; Pattanaik, P.K.; Salles, M. - Laboratoire d'Économie de Dijon (LEDI), Université de … - 1990

Persistent link: https://www.econbiz.de/10005579214

Testing Preference Axioms in Discrete Choice experiments: A Reappraisal

Hougaard, Jens Leth; Tjur, Tue; Østerdal, Lars Peter - Økonomisk Institut, Københavns Universitet - 2006

Recent studies have tested the preference axioms of completeness and transitivity, and have detected other preference …

Persistent link: https://www.econbiz.de/10005233005

A simple characterization of majority rule

Kelly, Jerry S.; Campbell, Donald E. - In: Economic Theory 15 (2000) 3, pp. 689-700

transitivity. This paper characterizes majority rule with a set of axioms that includes two of Maskin's, dispenses with another …

Persistent link: https://www.econbiz.de/10005370724

The expected likelihood of transitivity of preference

Gehrlein, WIlliam - In: Psychometrika 55 (1990) 4, pp. 695-706

Persistent link: https://www.econbiz.de/10005184183

The Talmud On Transitivity

Segal, Uzi; Naeh, Shlomo - Department of Economics, Boston College - 2008

Transitivity is a fundamental axiom in Economics that appears in consumer theory, decision under uncertainty, and … social choice theory. While the appeal of transitivity is obvious, observed choices sometimes contradict it. This paper shows … that treatments of violations of transitivity al- ready appear in the rabbinic literature, starting with the Mishnah and …

Persistent link: https://www.econbiz.de/10004981536

Transitive Regret

Segal, Uzi; Bikhchandani, Sushil - Department of Economics, Boston College - 2009

Preferences may arise from regret, i.e., from comparisons with alternatives forgone by the decision maker. We ask whether regret-based behavior is consistent with non-expected utility theories of transitive choice. We show that the answer is no. If choices are governed by ex ante regret and...

Persistent link: https://www.econbiz.de/10004981538

Level r Consensus and Stable Social Choice

Mahajne, Muhammad; Nitzan, Shmuel; Volij, Oscar - 2014

We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...

Persistent link: https://www.econbiz.de/10010398622