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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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