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of two conditions, monotonicity and reshuffling invariance, that are always necessary, but not always sufficient for …
Persistent link: https://www.econbiz.de/10011049708
natural conditions that are necessary for strategy-proofness: monotonicity and reshuffling invariance. We remark that they are …
Persistent link: https://www.econbiz.de/10009399120
Let 𝝫𝑛 be the set of the binary strategy-proof social choice functions referred to a group of n voters who are allowed to declare indifference between the alternatives. We provide a recursive way to obtain the set 𝝫𝑛+1 from the set 𝝫𝑛. Computing the cardinalities |𝝫𝑛|...
Persistent link: https://www.econbiz.de/10014418174
We are concerned with the problem of aggregating infinite utility streams and the possible adoption of consequentialist equity principles when using numerical evaluations of the streams. We find a virtually universal incompatibility between the Basu-Mitra approach (that advocates for social...
Persistent link: https://www.econbiz.de/10009323234
neutrality, anonymity, and monotonicity imply majority rule when the agenda is a two-element set. …
Persistent link: https://www.econbiz.de/10010603133
monotonicity axiom which requires that the collective preference become more rational when the individual preferences become more … monotonicity axiom and the other standard assumptions introduced by Arrow (1963): unrestricted domain, weak Pareto, independence of …
Persistent link: https://www.econbiz.de/10010672255
The Borda Count (BC) is a positional voting procedure fairly often applied in nonpolitical choice settings. It has a usual mixture of good and bad theoretical properties. It is monotonic and consistent and excludes the election of an eventual Condorcet loser. It, however, does not necessarily...
Persistent link: https://www.econbiz.de/10012502969
A competition authority has an objective, which specifies what output profile firms need to produce as a function of production costs. These costs change over time and are only known by the firms. The objective is implementable if inequilibrium, the firms cannot collude on their reports to the...
Persistent link: https://www.econbiz.de/10012876028
Studying one-input one-output economies, we say that an allocation is proportional if the input-output ratio is identical among agents and if each agent maximizes her welfare given this ratio. We propose three equity axioms based on this definition, and we use them to compare the main solutions...
Persistent link: https://www.econbiz.de/10005753065
Consider a problem of sharing a fixed amount of input (for example, pollution permits) among a group of agents who own technologies which transform an input good into an output good and who are interested in their shares of output only. A solution assigns each profile of technologies a pair of...
Persistent link: https://www.econbiz.de/10005753071