Preference aggregation with incomplete information

نویسندگان

  • Christopher P. Chambers
  • Takashi Hayashi
چکیده

We show that in an environment of incomplete information, if individual preferences are sufficiently rich, then monotonicity and the Pareto property applied only when there is common knowledge of Pareto dominance imply (i) there must exist a common prior over the smallest common knowledge event and (ii) aggregation must be ex-ante utilitarian with respect to that common prior. This work builds on the contributions of Nehring [12], de Clippel [4], and Zuber [16].

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تاریخ انتشار 2010