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For a society that consists of at least three individuals, we show that a social choice rule is Maskin monotonic if and only if it is Nash implementable by means of a mechanism that is stochastic or a mechanism that contains (arbitrary) awards. In equilibrium, the mechanisms do not have any...
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We address the following question: When can one person properly be said to be more delay averse than another? In reply, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk aversion. The applied strength of this theory is...
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We consider voting games induced by anonymous and top-unanimous social choice functions. The class of such social choice functions is quite broad, including every “t-refinement” of the Plurality Rule, Plurality with a Runoff, the Majoritarian Compromise and the Single Transferable Vote,...
Persistent link: https://www.econbiz.de/10005369447
We propose an aggregation model which explains stereotype formation under the attribution hypothesis. We show, under very mild axioms, that an observer can be thought of perceiving a group in terms of her subjective opinion about the representativeness of subgroups, as well as a possible...
Persistent link: https://www.econbiz.de/10005066300
A social choice hyperfunction picks a non-empty set of alternatives at each admissible preference profile over sets of alternatives. We analyze the manipulability of social choice hyperfunctions. We identify a domain D[lambda] of lexicographic orderings which exhibits an impossibility of the...
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