Showing 1 - 10 of 26
It is shown that one cannot always construct a definition of players' information in the manner of Bonanno (1992) or Battigalli and Bonanno (1997) which conveys true information, is consistent with existing information sets and expresses maximum information
Persistent link: https://www.econbiz.de/10012923868
The problem of allocating indivisible goods is considered when groups of individuals can make use of their power to plunder other groups. A monarch in a group of individuals is an individual who always obtains one of his most preferred goods. A Paretian condition together with a requirement of...
Persistent link: https://www.econbiz.de/10015219657
The (relative) majority rule is a benchmark collective decision norm. This paper provides a simple characterization of the majority rule, for the two-alternative case, that relies on the following property: the choice prescribed by the rule to a group I of individuals must be the one that would...
Persistent link: https://www.econbiz.de/10015219659
The relative majority rule and the unanimity rule are characterized for the case in which there are only two alternatives. The main axioms are motivated by a principle of binary representativeness: the aggregation of the preferences of n voters is the result of splitting the n voters into two...
Persistent link: https://www.econbiz.de/10015219660
The Hirsch index is a number that synthesizes a researcher’s output. It is defined as the maximum number h such that the researcher has h papers with at least h citations each. Two axiomatic characterizations of this index are suggested. One of them provides a simple conceptualization of the...
Persistent link: https://www.econbiz.de/10015219690
The majority rule and the hierarchically dictatorial rule are both characterized when preferences are defined over two alternatives. The majority rule is characterized in terms of seven axioms. The hierarchically dictatorial rule is characterized in terms of six of these seven axioms and the...
Persistent link: https://www.econbiz.de/10015219691
This paper considers the allocation of indivisible goods among members of a collective assuming that individuals are given the right to retain certain goods when some individuals alter the allocation problem. The assignment of rights is exhaustive in that, for every good x, either individual i...
Persistent link: https://www.econbiz.de/10015219701
When players may have lexicographic utilities, there are: (i) extensive games having a non-empty set of equilibria but empty sets of sequentially rational, sequential and perfect equilibria (ii) normal form games having a non-empty set of equilibria but an empty set of proper equilibria and no...
Persistent link: https://www.econbiz.de/10010835708
It is argued that if an out-of-equilibrium player observing a deviation from a presumed strategically stable path of play believes that a player also observing the deviation is more likely to deviate than a player who does not observe the deviation then it is possible to justify, in some...
Persistent link: https://www.econbiz.de/10005094658
This paper considers the allocation of indivisible goods among members of a collective assuming that individuals are given the right to retain certain goods when some individuals alter the allocation problem. The assignment of rights is exhaustive in that, for every good x, either individual i...
Persistent link: https://www.econbiz.de/10008502740