Abstract
The purpose of this paper is twofold. First, to provide a transparent characterization of the family of metrizable social decision rules. Second, to provide the necessary and sufficient conditions for a reasonable metric rationalization. Theorem 1 establishes that the class of metrizable social decision rules is uniquely characterized by a variant of the well-known Pareto condition. Theorem 2 establishes that positional rules can be characterized in terms of a special class of additively decomposable quasi-metric rationalizations. Theorem 3 characterizes strong positional rules in terms of reasonable metric rationalizations.
Original language | English |
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Pages (from-to) | 191-201 |
Number of pages | 11 |
Journal | Journal of Economic Theory |
Volume | 37 |
Issue number | 1 |
DOIs | |
State | Published - Oct 1985 |