The structure of coalitional power under probabilistic group decision rules |
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Authors: | Taradas Bandyopadhyay Rajat Deb Prasanta K Pattanaik |
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Affiliation: | Department of Economics, University of Hull, Hull HU6 7RX, United Kingdom;Department of Economics, Southern Methodist University, Dallas, Texas 75275 USA;Department of Economics, University of Birmingham, Birmingham B15 2TT, United Kingdom |
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Abstract: | The paper extends the work of S. Barbera and H. Sonnenschein on probabilistic social welfare functions by permitting quasi-transitive and/or acyclic probabilistic social preferences. Allowing for quasi-transitivity it is shown that the social decision rule is characterized by a subadditive veto power structure. Gibbard's result on oligarchy is shown to be a special case. Similarly, Sen's theorem on Paretian Liberals is shown to be implied by the power structure in the acyclic case. |
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