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Metric rationalization of social decision rules has been intensively investigated when the social outcome is a nonempty subset of alternatives. The present paper proposes a similar framework for social welfare functions (SWFs)—that is when each social outcome is a ranking of alternatives. A...
Persistent link: https://www.econbiz.de/10011117955
The description and the characterization of the (Aumann-Maschler) bargaining set are known, but its determination is still hard given a generic transferable utility cooperative game. We provide here an exhaustive determination of the bargaining set of any three-player game, balanced or not,...
Persistent link: https://www.econbiz.de/10011278852
In this paper we define manipulation with restricted beliefs as the possibility for some voter to have an insincere preference ordering that dominates the sincere one within the given individual beliefs over other agents' preferences. We then show that all non-dictatorial voting schemes are...
Persistent link: https://www.econbiz.de/10005388198
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Arrow’s theorem [1963] states that a social welfare function (SWF) that simultaneously satis.es completeness, transitivity, independence of irrelevant alternatives (IIA) and Pareto principle is necessarily dictatorial in the sense that the social decision on any pair of candidates coincides...
Persistent link: https://www.econbiz.de/10010852224
In this paper, we study values for TU-games which satisfy three classical properties: Linearity, efficiency and symmetry. We give the general analytical form of these values and their relation with the Shapley value and the Egalitarian value.
Persistent link: https://www.econbiz.de/10005182008
We characterize binary decision rules which are independent and strongly paretian,or independent and almost strongly paretian when the individual preferences and the collective preference are weak orders.
Persistent link: https://www.econbiz.de/10008562901
In this paper, we study values for TU-games which satisfy three classical properties: Linearity, efficiency and symmetry. We give the general analytical form of these values and their relation with the Shapley value and the Egalitarian value.
Persistent link: https://www.econbiz.de/10010630168