Les Cahiers de Recherche - HEC Paris
No 638:
Ordering Pareto-Optima Through Majority Voting
CRES Hervé and TVEDE Mich
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.
Keywords: Pareto-optimal allocations; infra-majority voting; (follow links to similar papers)
JEL-Codes: D72; (follow links to similar papers)
41 pages, February 1, 1998
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