The Banks Set and the Uncovered Set in Budget Allocation Problems
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چکیده
We examine how a society chooses to divide a given budget among various regions, projects or individuals. In particular, we characterize the Banks set and the Uncovered Set in such problems. We show that the two sets can be proper subsets of the set of all alternatives, and at times are very pointed in their predictions. This contrasts with well-known \chaos theorems," which suggest that majority voting does not lead to any meaningful predictions when the policy space is multidimensional. Dutta is at the University of Warwick, Coventry CV4 7AL, England ([email protected]). Jackson is at the Division of the Humanities and Social Sciences, 228-77, California Institute of Technology, Pasadena, California 91125, USA, ([email protected]). Le Breton is at the University of Toulouse 1, Gremaq and Idei, 21 All ee de Brienne, 31000, Toulouse, France ([email protected]). This paper was written in fond memory of our dear friend and colleague Je rey Scot Banks. Financial support under NSF grant SES0316493 is gratefully acknowledged. We thank Salvador Barbera for helpful conversations that helped spark some of the ideas behind the model we develop here, and David Austen-Smith for detailed comments on an earlier draft.
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تاریخ انتشار 2003