Independence axioms for the provision of multiple public goods as options (Q5932336)
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scientific article; zbMATH DE number 1596124
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English | Independence axioms for the provision of multiple public goods as options |
scientific article; zbMATH DE number 1596124 |
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Independence axioms for the provision of multiple public goods as options (English)
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26 August 2003
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There are \(m\) identical public goods whose location should be chosen. A feasible set of locations is a closed subinterval of \([0,1]\). Each location is an option, and each agent selects his most preferred option. It is assumed that the preference of an agent is single-peaked. The preference structure is investigated. For the case \(m=2\) it is proved that the extreme peak solution is the only solution satisfying a combination of axioms including Pareto optimality and interval continuity. It is proved also, that for \(m \geq 3\) Pareto-optimality and interval continuity are incompatible.
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public goods
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singled peaked preferences
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independence of irrelevant alternatives
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