English, Article, Journal or magazine article edition: Ordering Pareto-Optima Through Majority Voting Hervé Crès; Hervé, CRES; Mich, TVEDE

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Bookmark: http://trove.nla.gov.au/version/22973
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Ordering Pareto-Optima Through Majority Voting
Author
  • Hervé Crès
  • Hervé, CRES
  • Mich, TVEDE
Physical Description
  • preprint
Notes
  • A commodity is shared between some individuals: There is an initial allocation; some selection procedures are used to choose an alternative allocation and; individuals decide between keeping the initial allocation or shifting to the alternative allocation. The selection procedures are supposed to involve an element of randomness in order to reflect uncertainty about economic, social and political processes. It is shown that for every allocation, 8 , there exists a number, . (8) 0 "0,1› such that, if the number of individuals tends to infinity, then the probability that a proportion of the population smaller (resp. larger) than . (8) prefers an allocation chosen by the selection procedure converges to 1 (resp. 0). The index . (8) yields a complete order in the set of Pareto optimal allocations. Illustrations and interpretations of the selection procedures are provided.
  • RePEc:kud:kuiedp:0015
  • A commodity is shared between some individuals; some selection procedure is used to choose allocations. In order to reflect that laws and rules rather than allocations are implemented and that they involve an element of randomness because of incomplete information, selection procedures are taken to be probability measures over the set of allocations. Illustrations and interpretations of the selection procedures are given.
  • Pareto-optimal allocations; infra-majority voting
  • RePEc:ebg:heccah:0638
Language
  • English
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