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In the literature on social choice and fuzzy preferences, a central question is how to represent the transitivity of a fuzzy binary relation. Arguably the most general way of doing this is to assume a form of transitivity called max-star transitivity. The star operator in this formulation is...
Persistent link: https://www.econbiz.de/10008534447
A general model of judgment aggregation is presented in which judgments on propositions are not binary but come in degrees. The primitives of the model are a set of propositions, an entailment relation, and a “triangular norm” which establishes a lower bound on the degree to which a...
Persistent link: https://www.econbiz.de/10008534436
Imagine that everyone in a group chooses a real number and then these numbers are combined to produce a group number. Suppose that when everyone moves strictly closer to some individual’s number, the group number either stays where it is or moves closer to this number. We call this the...
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We present a model of collective decision making in which aggregation and deliberation are treated simultaneously. In our model, individuals debate in a public forum and potentially revise their judgements in light of deliberation. Once this process is exhausted, a rule is applied to aggregate...
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The aim of this paper is to look at ways in which the contribution of investment in technology to consumer welfare might be measured. One useful approach to this question is demonstrated by means of a simple spatial model of trade and transportation. The model is used to elaborate on a...
Persistent link: https://www.econbiz.de/10005479089
We have tested for a long-run relationship between four US export measures and analogous import measures (measured in nominal and real terms, levels and deflated by GNP) inthe 1967-1994 period using quarterly data. Using various econometric tests that include standard Engle-Granger cointegration...
Persistent link: https://www.econbiz.de/10005479090