Linear and Utilitarian Choice Functions: Revisiting Myerson’s Theorem
Myerson proved that every linear and weakly Paretian choice function is utilitarian. We revisit his model and result for the two-person case and supplement it with an “only if” direction. That is, we characterize the class of linear and weakly Paretian two-person choice functions. It turns out that...
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Veröffentlicht in: | Mathematics of operations research 2022-05, Vol.47 (2), p.989-994 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Myerson proved that every linear and weakly Paretian choice function is utilitarian. We revisit his model and result for the two-person case and supplement it with an “only if” direction. That is, we characterize the class of linear and weakly Paretian two-person choice functions. It turns out that these are the utilitarian functions with an “egalitarian tie-breaking.” |
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ISSN: | 0364-765X 1526-5471 |
DOI: | 10.1287/moor.2021.1157 |