Lexicographic Group Decision

Jose Encarnacion

No 199002, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: Assuming lexicographic expected utilities; a solution to a group decision problem obtains from a repeated application of Pareto optimality. If unique, the solution is characterized by the Nash bargaining conditions suitably modified.

Date: 1990-02
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Published as UPSE Discussion Paper No. 1990-02, February 1990

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