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In this paper we characterize axiomatically a ranking method that compares positions in hierarchies in terms of the influence that they provide on the evolvement of knowledge. The comparison takes into account the number of direct and indirect subordinates of the positions and is based on the...
Persistent link: https://www.econbiz.de/10010580540
This paper is devoted to the study of opportunity sets comparisons when the sets may contain options whose characteristics are not completely known. We propose a suitable environment in which this problem can be approached, and provide axiomatic characterizations of several rules for ranking...
Persistent link: https://www.econbiz.de/10005687759
Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice. This paper defends that, in many contexts, external procedural aspects that are associated to an opportunity set should be taken into...
Persistent link: https://www.econbiz.de/10005788509
Numerous works in the last decade have analyzed the question of how to compare opportunity sets as a way to measure and evaluate individual freedom of choice.This paper defends that, in many contexts, external procedural aspects that are associated to an opportunity set should be taken into...
Persistent link: https://www.econbiz.de/10011092561
Using a common framework, we consider the two existing extensions of the leximax criterion to infinite environments (Arlegi et al. (2005) and Ballester and De Miguel (2003)), and show that, though the respective definitions of the rules and their axiomatic characterizations appear to differ...
Persistent link: https://www.econbiz.de/10005688656
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In this paper we argue, inspired by some psychological literature, that choices are the outcome of the interplay of different, potentially conflicting motivations. We propose an axiomatic approach with two motivations, which we assume to be single-peaked over a certain given dimension. We first...
Persistent link: https://www.econbiz.de/10011147872
Ranking finite subsets of a given set X of elements is the formal object of analysis in this paper. This problem has found a wide range of economic interpretations in the literature. The focus of the paper is on the family of rankings that are additively representable. Existing characterizations...
Persistent link: https://www.econbiz.de/10005656083