Good and Bad Objects: Cardinality-Based Rules
AbstractWe consider the problem of ranking sets of objects, the members of which are mutually compatible.Assuming that each object is either good or bad, we axiomatically characterize three cardinality-based rules which arise naturally in this dichotomous setting.They are what we call the symmetric difference rule, the lexicographic good-bad rule, and the lexicographic bad-good rule.Each of these rules induces a unique additive separable preference relation over the set of all groups of objects.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2003-49.
Date of creation: 2003
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welfare economics; ranking;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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