Uniform random dictatorship: A characterization without strategy-proofness

Although they exclude any possibility of a compromise ex-post, uniform random dictatorship methods provide a solution to conflicts of interest that guarantees an ex-ante fairness. Axiomatic characterizations of random dictatorships in the classical literature of social choice theory use strategy-pro...

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Veröffentlicht in:Economics letters 2023-06, Vol.227, p.111127, Article 111127
Hauptverfasser: Ozkes, Ali I., Sanver, M. Remzi
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Sanver, M. Remzi
description Although they exclude any possibility of a compromise ex-post, uniform random dictatorship methods provide a solution to conflicts of interest that guarantees an ex-ante fairness. Axiomatic characterizations of random dictatorships in the classical literature of social choice theory use strategy-proofness. In a probabilistic framework that embeds tops-onlyness and anonymity, for three or more alternatives, we provide a characterization that uses an independence condition instead: uniform random dictatorship is the only social choice rule that is efficient and independent. This characterization also establishes that under efficiency and anonymity, independence and strategy-proofness are equivalent. In the particular case of two alternatives, independence becomes vacuous and we propose a characterization without independence.
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subjects Independence
Quantitative Finance
Random dictatorship
Strategy-proofness
Tops-onlyness
title Uniform random dictatorship: A characterization without strategy-proofness
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