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In this paper we provide Impossibility Theorems for social welfare functionals. We adapt the method of proving the inevitability of dictatorial Bergson-Samuelson social welfare functions for fixed utility profiles developed in a paper by Robert P. Parks in 1976. With a little more from results...
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In response to recent work on the aggregation of individual judgments on logically connected propositions into collective judgments, it is often asked whether judgment aggregation is a special case of Arrowian preference aggregation. We argue the op- posite. After proving a general impossibility...
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Extensive measurement is the standard measurement-theoretic approach for constructing a ratio scale. It involves the comparison of objects that can be concatenated in an additively representable way. This paper studies the implications of extensively measurable welfare for social choice theory....
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indemnification for an insurance buyer - or decision maker (DM) - is a deductible contract, when the insurer is a risk …
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We give a direct and very short proof of the famous Gibbard-Satterthwaite theorem [Alan Gibbard (1977) and Mark Satterthwaite (1975)]. The proof is based on investigating the properties of one critical preference profile constructed from those alternatives that individuals are not decisive on....
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