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In his seminal Social Choice and Individual Values, Kenneth Arrow stated that his theory applies to voting. Many voting … theorists have been convinced that, on account of Arrow's theorem, all voting methods must be seriously flawed. Arrow's theory …, there evolved a consistent cardinal theory of collective choice. This theory, most prominently associated with the work of …
Persistent link: https://www.econbiz.de/10014067878
weighted utilitarianism when the social aggregation procedure is Paretian …
Persistent link: https://www.econbiz.de/10014064487
This paper reviews recent research on the aggregation of heterogeneous time preferences. Main results are illustrated in simple Ramsey models with two or three agents who differ in their discount factors. We employ an intertemporal view on these models and argue that preferences of a decision...
Persistent link: https://www.econbiz.de/10012546897
authority has the power of determining the social outcome. In this paper we will tie the model above to tournament theory …
Persistent link: https://www.econbiz.de/10008729132
We present a geometric model of social choice when the latter takes place among bundles of interdependent elements, that we will call objects. We show that the outcome of the social choice process is highly dependent on the way these bundles are formed. By bundling and unbundling the same set of...
Persistent link: https://www.econbiz.de/10008729160
decision rules. -- Social choice ; object construction power ; agenda power ; intransitive cycles ; arrangements ; graph theory …
Persistent link: https://www.econbiz.de/10008729573
We present a geometric model of social choice when the latter takes place among bundles of interdependent elements, that we will call objects. We show that the outcome of the social choice process is highly dependent on the way these bundles are formed. By bundling and unbundling the same set of...
Persistent link: https://www.econbiz.de/10009558504
wishes to evaluate her options on the basis of a single aggregate prior via classical expected utility theory (a … preference and judgment aggregation theory which show that the aggregate of several probability measures should not be conceived … McConway's (Journal of the American Statistical Association, vol. 76, no. 374, pp. 410-414, 1981) theory of probabilistic …
Persistent link: https://www.econbiz.de/10010234048
In this paper we develop on a geometric model of social choice among bundles of interdependent elements (objects). Social choice can be seen as a process of search for optima in a complex multi-dimensional space and objects determine a decomposition of such a space into subspaces. We present a...
Persistent link: https://www.econbiz.de/10010202789
Condorcet domains are sets of linear orders with the property that, whenever the preferences of all voters of a society belong to this set, their majority relation has no cycles. We observe that, without loss of generality, every such domain can be assumed to be closed in the sense that it...
Persistent link: https://www.econbiz.de/10011490914