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Ordering Pareto-Optima Through Majority Voting

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Author Info
Hervé, CRES
Mich, TVEDE

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Abstract

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.

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Publisher Info
Paper provided by HEC Paris in its series Les Cahiers de Recherche with number 638.

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Length: 41 pages
Date of creation: 01 Feb 1998
Date of revision:
Handle: RePEc:ebg:heccah:0638

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Postal: HEC Paris, 78351 Jouy-en-Josas cedex, France
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Related research
Keywords: Pareto-optimal allocations; infra-majority voting;

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Find related papers by JEL classification:
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Tovey, Craig A., 1997. "Probabilities of Preferences and Cycles with Super Majority Rules," Journal of Economic Theory, Elsevier, vol. 75(2), pages 271-279, August. [Downloadable!] (restricted)
  2. Cass, David & Shell, Karl, 1983. "Do Sunspots Matter?," Journal of Political Economy, University of Chicago Press, vol. 91(2), pages 193-227, April. [Downloadable!] (restricted)
  3. Cres, Herve, 1996. "Symmetric Smooth Consumption Externalities," Journal of Economic Theory, Elsevier, vol. 69(2), pages 334-366, May. [Downloadable!] (restricted)
  4. Malinvaud, E, 1973. "Markets for an Exchange Economy with Individual Risks," Econometrica, Econometric Society, vol. 41(3), pages 383-410, May. [Downloadable!] (restricted)
  5. Yves Balasko, 1988. "Equivariant General Equilibrium Theory," Cahiers du Département d'Econométrie 88.05, Département d'Econométrie, Université de Genève.
    Other versions:
  6. Martin J. Osborne & Ariel Rubinstein, 2005. "Bargaining and Markets," Levine's Bibliography 666156000000000515, UCLA Department of Economics. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. CRES, Herve, 2000. "Majority stable production equilibria : a multivariate mean shareholders theorem," Les Cahiers de Recherche 706, HEC Paris. [Downloadable!]
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