Abstract
To examine the consequences of allowing individual to violate full rationality in collective decision making, this article discusses the possibility of aggregating quasi-transitive preferences in the Arrovian framework. Quasi-transitive valued aggregating functions are discussed and characterised. A characterisation of the weak Pareto extension rule is also achieved as a corollary.
Original language | English |
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Pages (from-to) | 976-983 |
Number of pages | 8 |
Journal | Economics Bulletin |
Volume | 34 |
Issue number | 2 |
Publication status | Published - 2014 |
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Keywords
- Preference aggregation
- Quasi-transitivity
- Veto power
- Weak pareto extension rule
ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
Cite this
Aggregating quasi-transitive preferences : A note. / Qin, Dan.
In: Economics Bulletin, Vol. 34, No. 2, 2014, p. 976-983.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Aggregating quasi-transitive preferences
T2 - A note
AU - Qin, Dan
PY - 2014
Y1 - 2014
N2 - To examine the consequences of allowing individual to violate full rationality in collective decision making, this article discusses the possibility of aggregating quasi-transitive preferences in the Arrovian framework. Quasi-transitive valued aggregating functions are discussed and characterised. A characterisation of the weak Pareto extension rule is also achieved as a corollary.
AB - To examine the consequences of allowing individual to violate full rationality in collective decision making, this article discusses the possibility of aggregating quasi-transitive preferences in the Arrovian framework. Quasi-transitive valued aggregating functions are discussed and characterised. A characterisation of the weak Pareto extension rule is also achieved as a corollary.
KW - Preference aggregation
KW - Quasi-transitivity
KW - Veto power
KW - Weak pareto extension rule
UR - http://www.scopus.com/inward/record.url?scp=84902657977&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84902657977&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:84902657977
VL - 34
SP - 976
EP - 983
JO - Economics Bulletin
JF - Economics Bulletin
SN - 1545-2921
IS - 2
ER -