Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10474800 | Journal of Economic Theory | 2005 | 8 Pages |
Abstract
An earlier work by Dutta and Sen provides characterizations of a set of decision rules for the ranking of opportunity sets. This paper begins by demonstrating the redundancy of one of the axioms in the said characterizations and goes on to analyze in detail one of the theorems, the Generalized Utilitarian rules theorem, which is incorrect. Basically, we find that one of the axioms that the authors provide is not in all cases satisfied for the Utilitarian rules. In this paper, we discuss this issue before proposing an alternative characterization which preserves the spirit of the original authors.
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Authors
Jorge Alcalde-Unzu, Miguel A. Ballester,