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We propose a class of decisive collective choice rules that rely on a linear ordering to partition the majority relation into two acyclic relations. The first of these relations is used to pare down the set of the feasible alternatives into a shortlist while the second is used to make a final...
Persistent link: https://www.econbiz.de/10014536960
Ranking by rating consists in evaluating the performances of items using exogenous rating functions and ranking these items according to their performance ratings. Any such method is separable: the ordering of two items does not depend on the performances of the remaining items. When...
Persistent link: https://www.econbiz.de/10012010017
We analyze infinite-horizon choice functions within the setting of a simple linear technology. Time consistency and efficiency are characterized by stationary consumption and inheritance functions, as well as a transversality condition. In addition, we consider the equity axioms Suppes-Sen,...
Persistent link: https://www.econbiz.de/10010284309