A probabilistic aggregation rule for large societies
Youcef Askoura () and
Antoine Billot
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Youcef Askoura: LEMMA, Université Panthéon-Assas (Paris 2)
Economic Theory Bulletin, 2018, vol. 6, issue 2, No 10, 262 pages
Abstract:
Abstract For a large society conceived as an infinite set of individuals, a probabilistic rule of aggregation is introduced and defined as a probability distribution over the infinite set of individual utilities. Then, two generalizations of Harsanyi (1955) possibility result are established for large societies (Theorems 1–2), one for an arbitrary space of acts and the other for a finite dimensional one.
Keywords: Preference aggregation; Utilitarianism; Large society; D00; D71; C02 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)
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DOI: 10.1007/s40505-017-0132-5
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