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Lexicographic Group Choice Under Uncertainty

Author

Listed:
  • Jose Encarnacion, Jr.

    (School of Economics, University of the Philippines Diliman)

Abstract

This paper proposes a solution to the problem of group decision under uncertainly when individuals have lexicographic preferences. The proposed solution satisfies four properties analogous to those that characterize the solution to the Nash bargaining problem, and if the set of feasible alternatives is fair in a certain sense, it is also the only solution that does so.

Suggested Citation

  • Jose Encarnacion, Jr., 1982. "Lexicographic Group Choice Under Uncertainty," UP School of Economics Discussion Papers 198209, University of the Philippines School of Economics.
  • Handle: RePEc:phs:dpaper:198209
    as

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