A Note On Impossibility Theorems and Seniority Rules |
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Authors: | Email author" target="_blank">Matthias?HildEmail author |
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Institution: | (1) Darden Graduate School of Business Administration, 100 Darden Boulevard, P.O. Box 6550, 22906 Charlottesville, VA, USA |
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Abstract: | We characterize seniority rules, also known as lexical dictatorships, under weak consistency constraints on the group s choice function. These constraints are base triple-acyclicity in the case of binary choices and rationalizability (although not rationality) in the case of choices between an arbitrary number of alternatives. Existing results on these weakened constraints remain silent on the treatment of the group s most junior individuals and therefore do not yield a complete characterization of seniority rules. We also impose a universal domain, binary strict Pareto optimality, binary Pareto indifference, binary independence of irrelevant alternatives, and the newly introduced condition of conflict resolution. The latter condition requires a social choice rules not to remain indecisive between alternatives for which individuals have conflicting preferences.JEL CLASSIFICATIONS: D63, D71This revised version was published online in May 2005 with a corrected article title. |
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Keywords: | Consistency Lexical dictatorship Rationality Seniority Social choice theory |
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