A characterization of consistent collective choice rules

Abstract

We characterize a class of collective choice rules such that collective preference relations are consistent. Consistency is a weakening of transitivity and a strengthening of acyclicity requiring that there be no cycles with at least one strict preference, which excludes the possibility of a “money pump.” The properties of collective choice rules used in… (More)
DOI: 10.1016/j.jet.2007.05.004

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