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Nash's characterization of his famous bargaining solution has long faced the objection of being welfarist: a bargaining situation is captured by a utility possibility set and a utility vector prevailing in case of disagreement, with no further information regarding the underlying economic...
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We study the problem of allocating a bundle of perfectly divisible private goods from an axiomatic point of view, in situations where compensations can be made through monetary transfers. The key property we impose on the allocation rule requires that no agent should be able to gain by...
Persistent link: https://www.econbiz.de/10009318596
This paper studies the core of combined games, obtained by summing different coalitional games when bargaining over multiple independent issues. It is shown that the set of balanced transferable utility games can be partitioned into equivalence classes of component games to determine whether the...
Persistent link: https://www.econbiz.de/10008860934
For impartial division, each participant reports only her opinion about the fair relative shares of the other participants, and this report has no effect on her own share. If a specific division is compatible with all reports, it is implemented. We propose a family of natural methods meeting...
Persistent link: https://www.econbiz.de/10005112466
Coherent imprecise probabilistic beliefs are modeled as incomplete comparative likelihood relations admitting a multiple-prior representation. Under a structural assumption of Equidivisibility, we provide an axiomatization of such relations and show uniqueness of the representation. In the...
Persistent link: https://www.econbiz.de/10005005915
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In a general framework of abstract binary aggregation, we characterize aggregation problems in terms of the monotone Arrowian aggregators they admit. Specifically, we characterize the problems that admit non-dictatorial, locally non-dictatorial, anonymous, and neutral monotone Arrowian...
Persistent link: https://www.econbiz.de/10008507105
We study the judgment aggregation problem from the perspective of justifying a particular collective decision by a corresponding aggregation on the criteria. In particular, we characterize the logical relations between the decision and the criteria that enable justification of a majority...
Persistent link: https://www.econbiz.de/10008507141
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