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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
and global monotonicity of power indices are introduced. Shapley-Shubik, Banzhaf-Coleman, and Holler-Packel indices are … analyzed and it is proved that while Shapley-Shubik index satisfies both local and global monotonicity property, Banzhaf …-Coleman satisfies only local monotonicity without being globally monotonic and Holler-Packel index satisfies neither local nor global …
Persistent link: https://www.econbiz.de/10005704167
individual monotonicity is equivalent to monotonicity, a necessary condition for Nash implementation. The result shows an …
Persistent link: https://www.econbiz.de/10005773327
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/10005537252
various families of rules represented by systems of powers. Critical axioms are monotonicity, independence, and symmetric …
Persistent link: https://www.econbiz.de/10005739762
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
becasue the essence of the social choice problem, such as Condorcet triples, rules out monotonicity. …
Persistent link: https://www.econbiz.de/10005619515
neutrality, anonymity, and monotonicity imply majority rule when the agenda is a two-element set. …
Persistent link: https://www.econbiz.de/10010603133
various families of rules represented by systems of powers. In particular, we show that a rule satisfies monotonicity …
Persistent link: https://www.econbiz.de/10005115541