Showing 1 - 10 of 22
In this paper we characterize metric spaces used in Beardon's generalization of Arrow-Hahn utility representation method as generalized Peano continua. For continuous preference relations defined on such metric spaces, we further construct an upper semi-continuous utility function which...
Persistent link: https://www.econbiz.de/10005089398
In this paper we characterize metric spaces used in Beardon's generalization of Arrow-Hahn utility representation method as generalized Peano continua. For continuous preference relations defined on such metric spaces, we further construct an upper semi-continuous utility function which...
Persistent link: https://www.econbiz.de/10008488324
Persistent link: https://www.econbiz.de/10005135986
No abstract.
Persistent link: https://www.econbiz.de/10010685062
In the standard arrovian framework and under the assumption that individual preferences and social outcomes are linear orders on the set of alternatives, we study the rules which satisfy suitable symmetries and obey the majority principle. In particular, supposing that individuals and...
Persistent link: https://www.econbiz.de/10011262855
In the standard arrovian framework and under the assumptions that individual preferences and social outcomes are linear orders over the set of alternatives, we provide necessary and sufficient conditions for the existence of anonymous, neutral and reversal symmetric rules and for the existence...
Persistent link: https://www.econbiz.de/10011201346
In the standard arrovian framework and under the assumptions that individual preferences and social outcomes are linear orders over the set of alternatives, we provide necessary and sufficient conditions for the existence of anonymous and neutral rules and for the existence of anonymous and...
Persistent link: https://www.econbiz.de/10011201347
Under the assumption that individual preferences are linear orders on the set of alternatives, we study the social choice functions which satisfy suitable symmetries and obey the majority principle. In particular, supposing that individuals and alternatives are exogenously partitioned into...
Persistent link: https://www.econbiz.de/10011204398
Assuming that alternatives are three or more, we prove that if the set of anonymous, neutral and reversal symmetric minimal majority rules is nonempty, then it has at least two elements. We propose then further principles linked to equity and fairness that can be used to exclude some rules in...
Persistent link: https://www.econbiz.de/10010816297
The purpose of the paper is to argue that exogenous changes lowering wages may imply an increase of unemployment. To support that viewpoint, we use a general equilibrium approach. In that framework, we substitute the labour market clearing equation, which by very definition insures full...
Persistent link: https://www.econbiz.de/10010734983