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Characterizing SW-Efficiency in the Social Choice Domain

Author

Listed:
  • Haris Aziz

    (Data61, CSIRO and University of New South Wales)

Abstract

Recently, Dogan, Dogan and Yildiz (2016) presented a new efficiency notion for the random assignment setting called SW (social welfare)-efficiency and characterized it. In this note, we generalize the characterization for the more general domain of randomized social choice.

Suggested Citation

  • Haris Aziz, 2017. "Characterizing SW-Efficiency in the Social Choice Domain," Economics Bulletin, AccessEcon, vol. 37(1), pages 48-51.
    • Handle: RePEc:ebl:ecbull:eb-16-00542
    as

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    References listed on IDEAS

    as
    1. Carroll, Gabriel, 2010. "An efficiency theorem for incompletely known preferences," Journal of Economic Theory, Elsevier, vol. 145(6), pages 2463-2470, November.
    2. Bogomolnaia, Anna & Moulin, Herve, 2001. "A New Solution to the Random Assignment Problem," Journal of Economic Theory, Elsevier, vol. 100(2), pages 295-328, October.
    3. Haris Aziz, 2014. "A characterization of stochastic dominance efficiency," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 2(2), pages 205-212, October.
    4. Aziz, Haris & Brandl, Florian & Brandt, Felix, 2015. "Universal Pareto dominance and welfare for plausible utility functions," Journal of Mathematical Economics, Elsevier, vol. 60(C), pages 123-133.
    5. McLennan, Andrew, 2002. "Ordinal Efficiency and the Polyhedral Separating Hyperplane Theorem," Journal of Economic Theory, Elsevier, vol. 105(2), pages 435-449, August.
    6. Doğan, Battal & Doğan, Serhat & Yıldız, Kemal, 2018. "A new ex-ante efficiency criterion and implications for the probabilistic serial mechanism," Journal of Economic Theory, Elsevier, vol. 175(C), pages 178-200.
    7. Abdulkadiroglu, Atila & Sonmez, Tayfun, 2003. "Ordinal efficiency and dominated sets of assignments," Journal of Economic Theory, Elsevier, vol. 112(1), pages 157-172, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Social decision schemes; Social choice theory; Pareto optimal; Social Welfare; Stochastic Dominance; Random Assignment.;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D7 - Microeconomics - - Analysis of Collective Decision-Making

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