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Global independence of irrelevant alternatives, state-salient decision rules and the strict Condorcet choice function

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Języki publikacji
EN
Abstrakty
EN
We present a simple proof of a well-known axiomatic characterization of state-salient decision rules, using Weak Dominance Criterion and Global Independence of Irrelevant Alternatives. Subsequently, we provide a simple axiomatic characterization of the Strict-Condorcet choice function on the domain of all preference profiles that have a strict-Condorcet winner, assuming that if the first two ranks are “occupied by the same two alternatives in all states of nature”, then the chosen alternative will be the one from these two that is preferred to the other with probability greater than half - provided such an alternative exists. We also show that this result is not valid if we extend the domain to the set of all preference profiles that have a unique weak-Condorcet winner.
Rocznik
Strony
457--474
Opis fizyczny
Bibliogr. 12 poz.
Twórcy
  • PD Energy University, Gandhinagar (EU-G), India (formerly)
Bibliografia
  • Campbell, D. E. and J. Kelly (2003) A strategy-proofness characterization of majority rule. Economic Theory, 22, 557-568.
  • Denicolo, V. (1985) Independent social choice correspondences are dictatorial. Economics Letters 19(1): 9-12.
  • Geanakopolos, J. (2005) Three brief proofs of Arrow’s impossibility theorem. Economic Theory, 26, 211-215.
  • Lahiri, S. (2019) State-Salient Decision Rules for Choice under Uncertainty. AIMS International Journal of Management, 13, 3, 191-195.
  • May, K. O. (1952) A Set of Independent Necessary and Sufficient Conditions for Simple Majority Decisions. Econometrica, 20, 680-684.
  • Merlin, V. (2003) The Axiomatic Characterization of Majority Voting And Scoring Rules. Mathematiques et sciences humaines, 41e annee, 161, 87-109.
  • Pattanaik, P. K. (1970) Sufficient Conditions for the Existence of a Choice Set under Majority Voting. Econometrica, 38, 1, 165-170.
  • Ray, P. (1973) Independence of Irrelevant Alternatives. Econometrica, 41, 5, 987-991.
  • Reny, Ph. J. (2001) Arrow’s Theorem and the Gibbard-Satterthwaite Theorem: a unified approach. Economics Letters, 70, 99-105.
  • Salles, M. (2023) The possibility of generalized social choice functions and Nash’s independence of irrelevant alternatives. Social Choice and Welfare, 60, 299-311.
  • Taylor, A. (2005) Social Choice and the Mathematics of Manipulation. Mathematical Association of America. Cambridge University Press, New York.
  • Wallis, W. D. (2014) The Mathematics of Elections and Voting. Springer International Publishing, Switzerland.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-81c49846-4f33-44ce-9667-304c1d4d6fce
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