Harsanyi's aggregation theorem with incomplete preferences

Eric Danan, Thibault Gajdos () and Jean-Marc Tallon

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: We provide a generalization of Harsanyi (1995)'s aggregation theorem to the case of incomplete preferences at the individual and social level. Individuals and society have possibly incomplete expected utility preferences that are represented by sets of expected utility functions. Under Pareto indifference, social preferences are represented through a set of aggregation rules that are utilitarian in a generalized sense. Strengthening Pareto indifference to Pareto preference provides a refinement of the representation

Keywords: Incomplete preferences; aggregation; expected multi-utility; utilitarianism (search for similar items in EconPapers)
JEL-codes: D71 D81 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2012-12
New Economics Papers: this item is included in nep-cdm, nep-mic and nep-upt
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http://mse.univ-paris1.fr/pub/mse/CES2012/12082.pdf (application/pdf)

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