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Fuzzy aggregation in economic environments: I. Quantitative fuzziness, public goods and monotonicity assumptions. - MaRDI portal

Fuzzy aggregation in economic environments: I. Quantitative fuzziness, public goods and monotonicity assumptions. (Q1398326)

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scientific article; zbMATH DE number 1956087
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English
Fuzzy aggregation in economic environments: I. Quantitative fuzziness, public goods and monotonicity assumptions.
scientific article; zbMATH DE number 1956087

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    Fuzzy aggregation in economic environments: I. Quantitative fuzziness, public goods and monotonicity assumptions. (English)
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    29 July 2003
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    Considering fuzzy aggregation (aggregation of list of individual fuzzy preferences into a social fuzzy preference), Barrett, Pattanaik and Salles (BPS) showed that Arrow's impossibility theorem and Gibbard's oligarchy theorem are essentially preserved, given appropriate properties of fuzzy preferences and a sort of unrestricted domain condition. The authors consider that the set of alternatives has some specific mathematical structure, i.e., is the nonnegative orthant of a finite-dimensional Euclidean space and preferences satisfy monotonicity properties, while BPS other assumptions are preserved. They show that according to which monotonicity properties are made, possibility results or impossibility results prevail.
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    Social choice
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    Fuzzy preference
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    Public goods
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