Article ID Journal Published Year Pages File Type
5071534 Games and Economic Behavior 2016 15 Pages PDF
Abstract
Working in the Arrowian framework, we search for preference aggregation rules with desirable solidarity properties. In a fixed-population setting, we formulate two versions of the solidarity axiom welfare dominance under preference replacement. Although the stronger proves incompatible with efficiency, the combination of efficiency and our second version leads to an important class of rules which improve upon a “status quo” order. These rules are also strategy-proof, which reveals a further connection between solidarity and incentive properties. Allowing the population to vary, we again characterize the status quo rules by efficiency and a different solidarity axiom, population monotonicity. This extends a similar characterization of a subclass of these rules by Bossert and Sprumont (2014).
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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