This paper is concerned with preference-aggregation rules satisfying desirable efficiency and solidarity requirements. We formulate weaker versions of existing solidarity axioms and show how they imply, in conjunction with strategy-proofness, the existence of reference outcomes holding privileged status. We propose a new class of rules, fixed-order status-quo rules, that can be productively contrasted to their closest counterparts in the literature, status-quo rules based on the least upper bound of a lattice. Fixed-order status-quo rules satisfy stronger efficiency requirements than lattice status-quo rules but have weaker, though still significant, solidarity properties. A subfamily based on lexicographic orders is analyzed further. Fixed-order status-quo rules are characterized by strategy-proofness, strong efficiency, and a third axiom, unanimity-basedness
Athanasoglou, S. (2019). Solidarity and efficiency in preference aggregation: A tale of two rules. GAMES AND ECONOMIC BEHAVIOR, 118, 126-140 [10.1016/j.geb.2019.08.013].
Solidarity and efficiency in preference aggregation: A tale of two rules
ATHANASOGLOU, STERGIOS
2019
Abstract
This paper is concerned with preference-aggregation rules satisfying desirable efficiency and solidarity requirements. We formulate weaker versions of existing solidarity axioms and show how they imply, in conjunction with strategy-proofness, the existence of reference outcomes holding privileged status. We propose a new class of rules, fixed-order status-quo rules, that can be productively contrasted to their closest counterparts in the literature, status-quo rules based on the least upper bound of a lattice. Fixed-order status-quo rules satisfy stronger efficiency requirements than lattice status-quo rules but have weaker, though still significant, solidarity properties. A subfamily based on lexicographic orders is analyzed further. Fixed-order status-quo rules are characterized by strategy-proofness, strong efficiency, and a third axiom, unanimity-basednessFile | Dimensione | Formato | |
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