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Persistent link: https://www.econbiz.de/10011898492
We consider the aggregation of individual agents' von Neumann-Morgenstern preferences over lotteries into a social planner's von Neumann-Morgenstern preference. We start from Harsanyi's [18] axiomatization of utilitarianism, and ask under which conditions a social preference order that satisfies...
Persistent link: https://www.econbiz.de/10011717180
Persistent link: https://www.econbiz.de/10009544931
We study a cardinal model of voting with three alternatives where voters' von Neumann Morgenstern utilities are private information. We consider voting protocols given by two-parameter scoring rules, as introduced by Myerson (2002). For these voting rules, we characterize symmetric Bayes Nash...
Persistent link: https://www.econbiz.de/10014167066
We consider the aggregation of individual agents' von Neumann-Morgenstern preferences over lotteries into a social planner's von Neumann-Morgenstern preference. We start from Harsanyi's axiomatization of utilitarianism, and ask under which conditions a social preference order that satisfies...
Persistent link: https://www.econbiz.de/10012947990